PERAC Memo #41 - 2012: 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 updated annual supplemental dependent allowance—$774.36 per eligible child, effective July 1, 2012—payable under G.L. c. 32 §§ 7(2)(a)(iii), 22D, and 9(2)(d)(ii). Boards that have accepted these provisions must apply this increased amount when paying benefits to eligible children of accidental disability retirees and accidental death survivors, with no further action needed for boards that have not adopted these sections.
Full Text
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 24, 2012
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 $774.36 beginning July 1, 2012 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 $774.36 beginning July 1, 2012 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.
JIM/bep
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PERAC Memo # 41 / 2012