July 1, 2024 Cost-of-Living Adjustment Approved

The Taunton Retirement Board has approved a 3% COLA effective July 1, 2024 for all eligible retirees and survivors of the system who retired on or before June 30, 2023.  At its Feb. 28, 2024 board meeting, member Barry J. Amaral made the motion to approve, seconded by member Thomas A. Bernier 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, Gill E. Enos and Ian D. Fortes.  The 3% Cola applies up to the first $16,000 (base) of the retirement allowance.  Therefore the maximum monthly COLA is $40.00/month.