PUBLIC NOTICE-COLA HEARING FOR FY 2021

Purpose
Pursuant to Massachusetts General Laws Chapter 32, Section 103 (i), please accept this memorandum as formal notice that on Wednesday, April 29, 2020 at 9:00 A.M., the Plymouth County Retirement Association will conduct a public meeting (at 10 Cordage Park Circle, Suite 234 Plymouth, MA 02360) to discuss whether it will elect to grant a Cost of Living Adjustment (COLA), not to exceed 3% in the aggregate (up to the first $16,000 of the retirement allowance), to the Plymouth County Retirement System’s retirees and survivors.

Conditional Effective Date
If approved, allowances will increase effective July 1, 2020. Also, this will be applicable to all those who retired on or before June 30, 2019.