3% Cost of Living Adjustment (COLA) Granted to Retired Members

Please be advised that the Worcester Regional Retirement Board, at its meeting on April 26, 2018 voted unanimously to grant a 3% Cost of Living Adjustment to the retirees and beneficiaries of the system.  

As you may be aware, state law limits the cost of living adjustment to the established base. For our system, the base is currently set at the first $16,000.00 of the retirement allowance thereby capping the COLA at $480.00. This COLA will be effective as of:  July 1, 2018 and will be reflected in the July 31, 2018 check.