News Flash

Town of Stoneham News Flash

Posted on: February 10, 2021

Stoneham Retirement Board Notice of Public Hearing March 23rd at 2PM

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.

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