COLA Payments Included in July Check

Earlier this year, the Cambridge Retirement Board voted to approve a COLA for retirees, effective July 1, 2013.  All retirees and beneficiaries who retired prior to July 1, 2012 are eligible for the increase.  The COLA was 3%, based on the first $14,000 of earnings. The increase will be reflected in the payments issued on July 31.

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