PERAC Memo #28 - 2014: 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 #28/2014 announces the annual COLA-adjusted supplemental dependent allowance for eligible children of accidental disability retirees and accidental death survivors, set at $821.52 per eligible child effective July 1, 2014, under G.L. c. 32 §§ 7(2)(a)(iii), 22D, and 9(2)(d)(ii). Boards that have accepted these provisions must update their payment amounts to reflect this new figure; questions should be directed to PERAC actuary Jim Lamenzo.
Full Text
PERAC Memo # 28 / 2014
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, 2014
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 $821.52 beginning July 1, 2014 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 $821.52 beginning July 1, 2014 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.
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