PERAC Memo #38 - 2000: 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

Summary

This memo notifies boards that have accepted G.L. c. 32 §7(2)(a)(iii) (or §22D, which deems acceptance) that the annual supplemental dependent allowance for eligible children of accidental disability retirees increases to $543.12 per child, effective July 1, 2000. Boards subject to this provision must update payments accordingly to reflect this COLA-adjusted amount; questions should be directed to PERAC actuary Jim Lamenzo.

Full Text

PERAC MEMO #38/2000 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: August 16, 2000 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 $543.12 beginning July 1, 2000 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.