An Act relative to enhancing cost of living adjustment for certain long term career public retirees

This bill modifies Massachusetts retirement laws to provide extra annual payments to long-term public retirees when they receive standard cost-of-living adjustments. It directly affects members of the state employee and teacher retirement systems, as well as participants in other public retirement plans, who have worked for at least fifteen or twenty years depending on their specific situation. Under the new rules, eligible retirees with fifteen years of service would get an additional $100, while those with twenty years would receive an extra $200 on top of their regular increases. The benefit is limited to individuals whose total annual retirement income is below the system's average and includes surviving spouses of deceased retirees who meet the same criteria.