MARCH 10, 2008: At a meeting of the Taunton Retirement Board on February 29, 2008, a motion was made by board member Richard T. Avila, seconded by board member Peter H. Corr, and the board unanimously voted to increase the cost-of-living allowance from 2.3% to the 3% maximum.  The 3% COLA will be effective July 1, 2008 and only applies to the first $12,000 of a retirement allowance.  Therefore, the maximum benefit available will be $360.00 per year ($30.00/month).  Eligible retirees are those who retired on or before June 30, 2007.  The board is currently awaiting pending legislation in the Massachusetts legislature seeking to increase the COLA base from $12,000 to $16,000.  Further details to follow when more is known.