We are pleased to inform you that if you retired before July 1, 2023 and are otherwise eligible, the State Retirement Board has implemented the Cost-of-Living Adjustment (COLA) for the July payroll. Governor Healey has until July 29 to sign into law. Effective July 1, 2024, the COLA is 3% of the first $13,000 of your annual benefit paid in monthly installments.
To track the progress of the Legislature's budgetary process, click here. If you have any questions about the COLA amount or base, please contact your local state legislator or the Governor's Office.
What is a COLA?
The COLA is a Cost-of-Living Adjustment for eligible retired state employees receiving a pension. A COLA is handled by the Legislature, which includes Senators, Representatives and the Governor. Each year, they may or may not recommend a COLA amount to include in the state's annual budget.
If you have additional questions about the COLA, please contact your local State Senator and Representative. Visit https://malegislature.gov/ to find your Legislator’s contact information.
As always, you can view your benefit pay statements online at www.mass.gov/payinfo. Your ID is on your statement below your name.
Contact
Phone
Drop-off hours at both offices are Monday through Friday from 10:00 AM - 3:00 PM, except on state holidays.
Bypass the call center if you know your party's extension.
For those calling from Massachusetts only.