PERAC Memo #34 - 2002: 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

Memorandum #34/2002 notifies 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) that the annual per-child allowance for eligible dependents of accidental disability retirees increases to $576.24, effective July 1, 2002. Boards that have adopted this provision must update their payment amounts accordingly; boards that have not accepted §7(2)(a)(iii)/§22D are not affected.

Full Text

Memorandum # 34/2002

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: September 5, 2002

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 $576.24 beginning July 1, 2002 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.