Member News: The Retirement Board Office will hold the next Board meeting Tuesday, March 25, 2014 at 8:00 am. This meeting will be held at 8:00 am in the Retirement Board offices at 23 Midstate Drive, Auburn.
Please be advised that the Worcester Regional Retirement Board, at its meeting on February 18, 2014, voted unanimously to grant a 3% Cost of Living Adjustment to the retirees and beneficiaries of the system. As you may be aware, state law limits the cost of living adjustment to the established base. For our system, the base is currently set at the first $14,000.00 of the retirement allowance thereby capping the COLA at $420.00 This COLA will be effective as of July 1, 2014 and will be reflected in the July 31, 2014 check.
Declaration of Election
It is hereby determined that Pauline Lajoie was the only candidate nominated for election to the Worcester Regional Retirement Board.Therefore, I declare Pauline Lajoie elected to the Worcester Regional Retirement Board and that no election shall be held. Her term will commence on January 1, 2014 and expire on December 31, 2016.
Carol A. Baron
September 24, 2013