PERAC Memo #45 - 2001: 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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This memo notifies boards that, following approval of the FY2002 state budget, systems that have accepted the supplemental dependent allowance under G.L. c. 32 §7(2)(a)(iii) (or §22D) must pay an increased annual allowance of $559.44 per eligible child, retroactive to July 1, 2001. Boards that have accepted these provisions should ensure accidental disability retirees with eligible dependent children receive the updated amount, including any retroactive adjustment.
Full Text
PERAC MEMO #45/2001
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 18, 2001
The State Budget for fiscal year 2002 has now been approved. As a result, 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 $559.44 beginning July 1, 2001 for each eligible child as defined in section 7(2)(a)(iii).