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NOTICE OF COLA HEARING
Please be advised that at the meeting on January 26, 2021, the Stoneham Retirement Board voted to conduct a public hearing pursuant to M.G.L. c. 32, § 103(i) to consider whether to grant a cost-of-living adjustment to its retirees for FY 2022.
The Social Security Administration announced that the latest Cost of Living Adjustment (COLA), effective July 1, 2021, is 1.3 %. Therefore, the Stoneham Retirement Board may elect to grant a COLA of up to 3%, on a base of $13,000.00. Town Meeting is hereby placed on notice.
The public hearing will take place remotely on March 23, 2021 at 2:00 p.m.
Join the meeting at https://global.gotomeeting.com/join/116732613 or dial in to +1 (224) 501-3412, Access Code 116-732-613.