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)