PERAC Memo #26 - 2009: 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 COLA adjustment to the supplemental dependent allowance under G.L. c. 32 §§ 7(2)(a)(iii), 22D, and 9(2)(d)(ii), setting the payment at $708.60 per eligible child effective July 1, 2009. Boards that have accepted these provisions must update their systems to pay this new annual amount to eligible accidental disability retirees and accidental death survivors for each qualifying dependent child, with questions directed to PERAC's actuary Jim Lamenzo.
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MEMORANDUM #26, 2009 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 7, 2009 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 $708.60 beginning July 1, 2009 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 $708.60 beginning July 1, 2009 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.