Friday, April 24, 2020
The Falmouth Retirement Board unanimously voted to approve a Cost-of-Living Adjustment for FY 2021. Effective July 1, 2020, a 3% Cost-of-Living Adjustment will be applied up to the first $14,000.00 of a recipient’s annual retirement allowance. The maximum amount a recipient can receive is $35.00 per month. Eligible recipients will be those who retired or began survivor benefits on or before June 30, 2019. Recipients will see this Cost-of-Living Adjustment with their direct deposit on July 31, 2020.