Cost of Living Increase in July

The Cambridge Retirement Board has voted to approve a cost of living adjustment.  Retirees will see the increase in the July payments.  All retirees and beneficiaries who retired on or before June 30, 2018 are eligible to receive the increase.  Persons who retired after that date will eligible for next year's COLA.  The COLA is based on the first $16,000 of earnings, therefore the maximum increase is $40 monthly.