Adjusts cost of living benefits for state and teacher retirees and certain long-term career public retirees in Massachusetts.
This bill modifies the cost of living adjustment for state and teacher retirees and certain long-term career public retirees in Massachusetts. It increases the annual retirement benefit threshold from $13,000 to $18,000. Retirees with less than fifteen years of service receive an additional $100 benefit, while those with fifteen or more years receive an additional $200 benefit. The bill also provides additional benefits to retirees with less than twenty years of service who retired with a disability benefit.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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