5% COLA for FY 23 (7/1/22-6/30/23) Approved

Please be advised that the Bristol County Retirement Board has now received the required votes to implement the 5% COLA on the base amount ($18,000), effective July 1, 2022, under Chapter 269 of the Acts of 2022.

THIS IS AN ADDITIONAL 2% COLA, AS THE 3% COLA WAS ALREADY IMPLEMENTED EFFECTIVE 7/1/22.  THIS WILL BE ON THE FY 23 BASE OF $18,000.  

WE HOPE TO HAVE THIS PROCESSED WITH THE MAY 31, 2023 RETIREMENT ALLOWANCES.  

The required votes were as follows:

Bristol County Retirement Board (12/20/2022)

Bristol County County Commissioners (1/4/2023)

Town of Acushnet (3/3/2023)

Town of Berkley (2/1/2023

Town of Dighton (2/8/2023)

Town of Freetown (2/6/2023)

Town of Norton (4/13/2023)

Town of Rehoboth (1/30/2023)

Town of Seekonk (2/15/2023)

Town of Somerset (2/1/2023)

Town of Swansea (4/11/2023)

Town of Westport (2/6/2023)