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Retirees COLA
Cost-of-living adjustments (COLAs) and other supplemental allowances are not automatic every year. The Legislature must vote annually on what, if any, COLAs or other allowances will be granted.
2011
Legislation enacted in 2011 did not include a COLA for eligible retirees or their eligible beneficiaries. As a result, annual pension benefits will remain at current levels.
However, a supplemental allowance for eligible Medical Subsidy recipients who retired from a political
subdivision was enacted, as described below:
Supplemental Allowances for Eligible Medical Subsidy Recipients
To be issued in a separate check in addition to the pension payment for July 2011
Legislation enacted in 2008 and amended in 2011 (RSA 100-A:41-d, III.) provides eligible
retirees/beneficiaries who received the Medical Subsidy as of their latest anniversary date of retirement with
supplemental allowances in the form of an annual one-time payment. These annual payments began in July,
2008, and will conclude in July, 2012.
Non-Medicare-eligible Medical Subsidy recipients who retired from towns, cities, school districts, counties, or other local government employers will receive an additional supplemental allowance as follows:
- A one-person Medical Subsidy benefit recipient will receive a payment of $500.
- A two-person Medical Subsidy benefit recipient will receive a payment of $1,000.
Medicare-eligible Medical Subsidy recipients who retired from towns, cities, school districts, counties, or other local government employers will receive up to 60% of the non-Medicare-eligible amounts:
- A one-person Medical Subsidy benefit recipient will receive a payment of $300.
- A two-person Medical Subsidy benefit recipient will receive a total payment of $600.
A two-person Medical Subsidy benefit recipient may not receive more than $1,000 per year.
State employees who retired from state service are not eligible for the supplemental payments related to the Medical Subsidy.
COLA History 1997-2010
| |
Employee |
Teacher |
Police |
Fire |
| 2008-2010 |
1.5% COLA on first $30K of base pension, plus:
- $1K TSA if base pension is less than $20K and retiree had at least 15 years of creditable service
- $500 TSA if retired before 1/1/93
- $500/$1K TSA if receiving Medical Subsidy
|
| 2007 |
2.25% |
2.25% |
2.25% |
2.25% |
| 2006 |
1% |
1% |
1% |
1% |
| 2005 |
1% |
1% |
1% |
1.5% |
| 2004 |
1% |
1% |
1% |
2.5% |
| 2003 |
2% |
2% |
2% |
3.5% |
| 2002 |
2% |
3% |
2% |
3% |
| 2001 |
3.5% |
3.5% |
3.5% |
3.5% |
| 2000 |
4.5% |
4.5% |
4.5% |
4.5% |
| 1999 |
4% |
4% |
4% |
4% |
| 1998 |
4% |
4% |
4% |
4% |
| 1997 |
5% |
5% |
5% |
5% |
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