PERAC Memo #24 - 2004: 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 have accepted the supplemental dependent allowance under G.L. c. 32 §7(2)(a)(iii) (or §22D) of the updated annual COLA-adjusted allowance amount—$611.28 per eligible child—effective July 1, 2004. Boards that have adopted this provision must apply the new rate when paying supplemental dependent allowances to accidental disability retirees; questions should be directed to PERAC's actuary, Jim Lamenzo.
Full Text
Memorandum # 24/2004
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: July 1, 2004
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 $611.28 beginning July 1, 2004 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.