July 1, 2022 Cost-of-Living Adjustment Approved

The Taunton Retirement Board has approved a 3% COLA effective July 1, 2022 for all eligible retirees and survivors of the system who retired on or before June 30, 2021.  At its Jan. 26, 2022 board meeting, member Gill E. Enos made the motion to approve, seconded by member Barry J. Amaral and the vote was unanimous to provide retirees and survivors with the increase.  Other members of the board voting in favor were Chairman Dennis M. Smith, Thomas A. Bernier and Ian D. Fortes.  The 3% Cola applies up to the first $15,000 of the retirement allowance.  Therefore the maximum monthly cola is $37.50/month.