PERAC Memo #27 - 2010: 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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Memorandum #27, 2010 announces that effective July 1, 2010, the annual supplemental dependent allowance under G.L. c. 32, §§ 7(2)(a)(iii), 22D, and 9(2)(d)(ii) increases to $729.84 per eligible child. Boards that have accepted these provisions must apply this updated amount when paying benefits to accidental disability retirees and accidental death survivors with eligible dependent children. No formal acceptance action is required, but boards should update payment amounts accordingly and contact PERAC's actuary with questions.
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MEMORANDUM #27, 2010 M E M O R A N D U M TO: All Retirement Boards FROM: Joseph I. Martin, Deputy Executive Director RE: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors DATE: July 8, 2010 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 $729.84 beginning July 1, 2010 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 $729.84 beginning July 1, 2010 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.