The Boston Retirement Board has voted to approve a 3 percent cost-of-living adjustment (COLA) for retired city workers, a decision that has drawn frustration from retirees and labor unions alike.
Ashley Groffenberger, the city’s chief financial officer, urged the board to maintain the COLA increase at 3 percent, rejecting an additional $90 raise.
In a letter to the board, Groffenberger emphasized that this conservative approach would be financially responsible, helping to prevent an increase in the city’s pension obligations while ensuring adequate funding for essential city services amid economic turmoil.
Retirees advocating for a larger adjustment expressed disappointment in the board’s decision, voicing concerns that many retired city employees are struggling to make ends meet.
Elissa Cadillic, cochair of the city’s retirees board and president of AFSCME Local 1526, expressed her dismay, stating, “It’s disgusting, it’s disappointing. It’s a slap in the face.
image source from：bostonglobe
