PERAC Memo #29 - 2005: Impact of COLA Base Increase
Impact of COLA Base Increase
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This memo transmits PERAC's cost analysis and recommendations on increasing the COLA base, prepared pursuant to Section 375 of Chapter 149 of the Acts of 2004. No specific action is required of boards; the enclosed report is provided for informational review.
Full Text
Memorandum 29 /2005
M E M O R A N D U M TO: All Retirement Boards FROM: Joseph E. Connarton, Executive Director RE: Impact of COLA Base Increase
DATE: October 4, 2005
Enclosed please find for your review a report of the Public Employee Retirement Administration Commission’s COLA Base Increase. As directed by Section 375 of Chapter 149 of the Acts of 2004, the Commission is pleased to release its cost analysis and recommendations.
I hope you find this analysis beneficial and should you have any questions, please feel free contact me.
Enc.