PERAC Memo #50 - 1999: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees
Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees
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PERAC Memo #50/1999 notifies retirement boards that have accepted the supplemental dependent allowance under G.L. c. 32, §7(2)(a)(iii) (or §22D, which is deemed to include acceptance of §7(2)(a)(iii)) of the updated annual COLA-adjusted allowance amount of $527.28 per eligible child, effective July 1, 1999. Boards that have accepted these provisions must apply this new amount when calculating supplemental dependent allowances for accidental disability retirees; no further action is required beyond implementing the updated figure.
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PERAC MEMO #50/1999 M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E Connarton, Executive Director RE: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees DATE: December 15, 1999 This is to advise you that any retirement system which has accepted the supplemental dependent allowance provided for in G.L. c. 32, §7(2)(a)(iii), or which has accepted the provisions of G.L. c. 32, §22D (under which the supplemental dependent allowance is also deemed to have been accepted) shall pay an annual amount of $527.28 beginning July 1, 1999 for each eligible child as defined in section 7(2)(a)(iii). Please contact PERAC’s actuary, Jim Lamenzo, if you have any questions on this issue.