PERAC Memo #27 - 2008: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
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This memo announces the annual cost-of-living adjustment to the supplemental dependent allowance under G.L. c. 32, §§ 7(2)(a)(iii), 22D, and 9(2)(d)(ii), setting the new annual amount at $687.96 per eligible child effective July 1, 2008. Boards that have accepted these provisions must update payments accordingly for accidental disability retirees and accidental death survivors with eligible dependent children; no further board action beyond implementing the new rate is required.
Full Text
MEMORANDUM #27, 2008 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 and Accidental Death Survivors DATE: July 15, 2008 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 $687.96 beginning July 1, 2008 for each eligible child as defined in G.L. c. 32, § 7(2)(a)(iii). Also, any retirement system which has accepted the additional pension for dependent children provided for in G.L. c. 32, § 9(2)(d)(ii), shall pay an annual amount of $687.96 beginning July 1, 2008 for each eligible child as defined in G.L. c. 32, § 9(2)(d). Please contact PERAC’s actuary, Jim Lamenzo, if you have any questions on this issue.