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WEYMOUTH RETIREMENT BOARD JUNE NEWS |
♦ The June 30th payroll will be the first with new amounts deducted for Life, Dental and Health Insurance. The check stubs and direct deposit advice will show the plans you enrolled in, and the new monthly premium. Any discontinued plan will show "0" for the current month. Please call the Retirement Office with any discrepancy.
♦ Many of our retirees and survivors have because they have not received new insurance cards for July 1st. We have been told that everyone will receive their new materials by July first. If you still have concerns or questions, please call the insurance carrier with whom you enrolled (Harvard Pilgrim, Tufts, Unicare, etc.)
♦ The Weymouth Retirement Board voted the maximum cost-of-living increase permitted under the Massachusetts General Law, Chapter 32. The increase for July 1, 2009 is 3% of the first $12,000 of Retirement Allowance, or $360.00 maximum per year. COLA notices will be mailed to our eligible retirees and survivors in early July.
♦ COLA Eligibility: Retired or receiving a survivor's benefit for at least one year as of June 30, 2009 to receive the July cost-of-living increase.
♦ ANNUAL AFFIDAVITS: Will not be required this year! The Retirement Board voted to waive the submission of these forms, in consideration of everyone's response to the insurance enrollment process. Please remember to keep the Retirement Office updated if your address or telephone number changes during the year.
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