3% COLA and increased Base of $20,000 Approved for FY 2024 (7/1/2023-6/30/2024)

Please be advised that the Bristol County Retirement Board voted unanimously to approve a 3% ($18,000 allowance limitation) Cost-Of-Living Adjustment for all eligible retirees and survivors of the Bristol County Retirement System effective July 1, 2023. The Board also voted unanimously to increase the COLA base from 3% of the first $18,000 to 3% of the first $20,000, subject to acceptance by the Bristol County Retirement Advisory Council.  This increase would be effective with the July 1, 2023 COLA.

The Bristol County Retirement Advisory Council, at their meeting of March 31, 2023, voted unanimously to accept the vote of the Bristol County Retirement Board to increase the COLA base from 3% of the first $18,000 to 3% of the first $20,000.

This increase will be applicable to all eligible retirees and survivors who retired on or before June 30, 2022, in twelve monthly installments, the first of which will be included in the July 31, 2023 retirement checks.