COLA Hearing Notice

A hearing on a Cost of Living Adjustment (COLA) will be held at the regularly scheduled meeting of the Board of the Essex Regional Retirement System which will be held on:

Date:               Monday, March 26, 2018

Time:               8:30 a.m.

Place:               Essex Regional Retirement System Board Room

                        491 Maple Street, Building 200, Suite 201

                        Danvers, MA  01923

Pursuant to Massachusetts General Law, Chapter 32, Section 103(i), a Retirement Board, may elect to increase the COLA percentage up to 3.0% in a public meeting, properly posted, and shall also notify the legislative body at least 30 days before such election.

The ERRS Board will hold a hearing to consider a COLA of up to 3% to eligible retirees of the Essex Regional Retirement System to be effective as of July 1, 2018.  If approved, this increase will be applicable to eligible members who retired on or before June 30, 2017.  Comments may be submitted in advance of the hearing via email at ckostro@essexrrs.org or to the address below:

Charles E. Kostro

Executive Director

Essex Regional Retirement System

491 Maple Street, Building 200

Danvers, MA  01923

The meeting referenced above is open to the public.  To get directions to the meeting, you may call (978) 739-9151 or email us at info@essexrrs.org.  You may also click on the Members or Retirees tab to access Google Maps for printable directions to our office.

Thank you.