Taunton Retirement

At a meeting of the Taunton Retirement Board on November 21, 2008, a motion was made by board member Richard T. Avila, seconded by board member Peter H. Corr, and the board unanimously voted to approve a cost-of-living allowance of 3%. The 3% COLA will be effective July 1, 2009 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, 2008.