Tuesday, November 28, 2017
At the request of the Falmouth Retirement Board, the Falmouth Town Meeting, with a quorum being present on Monday, November 6, 2017, voted unanimously to increase from $12,000.00 per year to $14,000.00 per year the maximum base amount upon which the annual cost-of-living adjustment (COLA) for a retiree is calculated. Said increase is to be effective on July 1, 2017. The maximum amount an eligible recipient can receive is $35.00 per month. Eligible recipients will see the increase to their cost-of-living adjustment (including any retro-payment) with their direct deposit on Thursday, November 30, 2017.