July 1, 2020 Cost-of-Living Adjustment Approved by Retirement Board

The Taunton Retirement Board has approved a 3% COLA effective July 1, 2020 for all eligible retirees and survivors of the system who retired on or before June 30, 2019.  At its March 25th 2020 board meeting, member Thomas A. Bernier made the motion to approve, seconded by member Dennis M. Smith and the vote was unanimous to provide retirees with the increase.  Other members of the board voting in favor were Chairperson Ann Marie Hebert, member Gill E. Enos and member Barry J. Amaral.  The 3% Cola applies up to the first $15,000 of the retirement allowance.  Therefore the maximum monthly cola is $37.50/month.