| Newton Retirement Board and His Honor the Mayor |
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#152-26 |
Request to increase the retiree COLA base |
NEWTON RETIREMENT BOARD and HIS HONOR THE MAYOR requesting approval of the Newton Retirement Board's increase to the retiree Cost Of Living Adjustment (COLA) base from fifteen thousand dollars ($15,000) to sixteen thousand dollars ($16,000) in FY27, from sixteen thousand dollars ($16,000) to seventeen thousand dollars ($17,000) in FY28, and from seventeen thousand dollars ($17,000) to eighteen thousand dollars ($18,000) in FY29, pursuant to General Laws Chapter 32, Section 103(j), such increase to be effective July 1, 2026, as voted on by the Newton Retirement Board on April 14, 2026.
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04-23-26
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