PERAC Memo #23 - 2011: 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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PERAC Memo #23, 2011 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), raising the per-child annual payment to $751.80 effective July 1, 2011. Boards that have accepted these provisions must update payments to eligible children of accidental disability retirees and accidental death survivors accordingly; questions should be directed to PERAC actuary Jim Lamenzo.
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MEMORANDUM #23, 2011 Mennis 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 19, 2011 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 $751.80 beginning July 1, 2011 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 $751.80 beginning July 1, 2011 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.