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Massachusetts Pension COLA Increases Have Some Town Officials Worried
The Winchester Star 
June 15, 2008 Excerpt: The amendment, which was passed by the state Senate in late May, is attached to section 15 of the state budget and asks for an increase, from $12,000 to $16,000 of the COLA base. The increase would allow retirees to receive an annual percentage raise on their pension benefit for up to $16,000 of income, instead of the previous $12,000 cut-off. MORE >> |
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