
Retired Boston employees push for city to approve a cost of living increase to pension checks
:
Advertisement
Officials with some of
the city's most prominent labor unions made their case for the increase before the Boston Retirement Board Friday morning. They were joined by Councilors Ed Flynn and Gigi Coletta Zapata, and council staff representing Councilors Ben Weber and Ruthzee Louijeune. Last year, the council unanimously approved a resolution calling for the COLA increase for retirees, which the board ultimately rejected.
Speaking before the board Friday, Coletta Zapata acknowledged that the members must make a fiscally responsible decision, but argued that the city's retirees 'deserve' the modest bump.
'Our Boston retirees have literally built the city, they've dug trenches, they've kept us safe, they've cleaned our schools,' Coletta Zapata said. 'What I would ask is just to consider what the systemic liability is for choosing to keep people in poverty.'
Advertisement
Annual COLA payments for retired city of Boston employees are based on a set figure called the 'COLA base,' which is currently $15,000 in Boston. State law dictates that municipalities can approve an annual COLA payment for pensioners of up to 3 percent of the COLA base. Last summer, the Boston Retirement Board voted to give pensioners a COLA payment of $450, which is 3 percent of $15,000, for the 2025 fiscal year.
Retirees, their labor unions, and city councilors are pushing the board to increase the COLA base from $15,000 to $18,000, which would amount to a $90 boost to annual COLA payments if the board approves the full 3 percent adjustment for the next fiscal year.
The city has not increased the COLA base since 2021, when the board raised it from $14,000 to $15,000, according to Janey Frank, a retired Boston Public Schools teacher, who's a leader of the Boston Teachers Union retired teachers chapter.
Retired city employees have only had three COLA base increases since 2010, and those increases combined have only raised pensioners annual cost of living payments from $360 to $450.
An extra $90 a year, which amounts to $7.50 more a month, would matter to struggling pensioners, said Erik Berg, president of the Boston Teachers Union, before the retirement board Friday.
'For most of us, maybe all of us in this room ... that's not a cost that we need to think about,' Berg said. 'We don't need to think about splitting pills in half, paying the light bills, being able to survive in the city after 20, even 30 years of retirement, after devoting your career to the city. But retirees do. A modest increase is affordable to this city.'
Advertisement
Wu previously said she would support increasing the COLA base from $15,000 to $18,000 in a candidate forum during the 2021 mayoral election, said Elissa Cadillic, cochair of the City of Boston United Retirees and president of AFSCME Local 1526, the local Boston public library employees union.
But when Cadillic and representatives of many of the city's most prominent labor unions met with Wu this week, she told them she couldn't 'in good conscience' advocate for that this year, Cadillic said.
Wu made the same argument speaking to the Globe earlier this month.
'I will always support making sure that our retirees and those who have served the city have the most that we can responsibly deliver,' Wu said. But 'as mayor, I have to make decisions that are based on real time information on what is fiscally sustainable, and I still hope that at some point when the larger economy becomes more stable and that our municipal finances can reliably sustain this as well, that we can keep having that conversation.'
Niki Griswold can be reached at
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Axios
8 hours ago
- Axios
Wu vs. Kraft tries to stay local in the Trump era
With less than a month to go before the preliminary election for mayor, incumbent Michelle Wu and challenger Joshua Kraft are starting to make their closing arguments to any Boston voters still listening. Why it matters: This mayor's race — Wu's first reelection campaign and a major test of her administration — has mostly been overshadowed by the rolling barrage of political news coming out of the White House. Between the lines: No one would claim the race has captured the rapt attention of Bostonians in 2025, who are more likely to tune into news about Harvard's struggles with the president or how the state economy will survive with reduced medical and life science research. The big picture: Kraft's campaign has consistently hammered Wu's style of City Hall leadership as out-of-touch and unwilling to hear feedback from residents, business owners and anyone else not already on the mayor's side. Playing defense hasn't been hard for Wu. Trump has made it a good year to be an experienced progressive in Massachusetts, especially when the alternative is an untested centrist and billionaire's son like Kraft. Zoom in: Both Kraft and Wu have campaigned on the biggest issue facing the city: affordability and our absurd cost of living. But much of the daily tit-for-tat between the candidates has been pettifogging over bike lanes, public drug use, campaign finances and not one, but two, soccer stadium projects. Reality check: Polls suggest Wu has a commanding lead, perhaps as much as a 60%-30% advantage over Kraft. The bottom line: The preliminary election results could shift things around. If Kraft outperforms expectations and lands within striking distance of Wu, it would re-energize his campaign and make the final two months of the race pivotal. What's next: Voters go to the polls Sept. 9 to narrow the field of four (two lesser-known contenders are also in the race) down to the top two.


Bloomberg
9 hours ago
- Bloomberg
China Teases Glimpse of Advanced New Weaponry at Military Parade
China said that it will show off new weapons at a military parade next month, potentially giving rivals like the US a first chance to see what hardware the Asian nation is ready to field. 'The weapons and equipment on display this time were all selected from major battle equipment that is domestically produced and is currently in service, with a large proportion being new types of equipment making their debut,' Wu Zeke, an official helping organize the event planned for Sept. 3, said at a briefing in Beijing on Wednesday.
Yahoo
9 hours ago
- Yahoo
Social Security's 2026 COLA Forecast Was Just Updated. Here's How Much Benefits Could Increase and Why It Might Not Be Enough.
Key Points The latest Social Security COLA estimate is higher than projections from previous months. However, the projected Social Security benefit increase might not be enough for many retirees. The $23,760 Social Security bonus most retirees completely overlook › Retirees won't know how much higher their Social Security benefits will be in 2026 until mid-October. But that doesn't mean they can't at least have a clue what the increase might be. The Senior Citizens League (TSCL) recently updated its forecast for the 2026 Social Security cost-of-living adjustment (COLA). If you're a retiree, here's how much your benefits could increase based on the nonprofit organization's estimate -- and why it might not be enough. The latest COLA estimate The Social Security Administration (SSA) calculates the annual COLA using an inflation metric called the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The agency determines the percentage increase (if any) of the average CPI-W during the third quarter of the current year compared to the average CPI-W during the third quarter of the previous year. In July, the CPI-W rose 2.5% year over year. If this rate of increase remains steady, the 2026 COLA would be 2.5%, exactly the same as the benefit increase retirees received this year. However, TSCL doesn't think the CPI-W rate of growth will remain the same. The nonprofit seniors advocacy group uses a statistical model that includes inflation, interest rate, and unemployment data to estimate the next COLA. The organization issues a new COLA prediction each month. Its estimated COLA has steadily risen over the past three months as inflation has inched higher. In May, TSCL projected that the 2026 Social Security COLA would be 2.5%. Its announced an estimated COLA in June of 2.6%. TSCL's latest COLA forecast, released last week, was 2.7%. Not enough? Will a 2.7% Social Security benefit increase be enough for most retirees? Probably not. TSCL recently conducted a survey that found nearly two-thirds of seniors weren't satisfied with the amount of their monthly Social Security benefits. Even more strikingly, a whopping 94% said they thought the 2025 COLA of 2.5% was too low to keep up with inflation. TSCL Executive Director Shannon Benton doesn't think a 2.7% COLA will correct this issue. She stated last week: "With the COLA announcement around the corner, seniors across America are holding their breath. While a higher COLA could be welcome because their monthly benefits will increase, many will be disappointed." Part of the problem lies with the inflation metric the COLA uses. The CPI-W doesn't focus specifically on expenses incurred by seniors. Some argue that the metric doesn't accurately reflect retirees' spending and the higher prices they incur, especially with healthcare. Another factor is timing. Retirees pay higher costs before the COLA intended to offset those higher costs goes into effect. What can retirees do? It's entirely possible that the 2026 Social Security COLA won't be enough to cover the higher costs that retirees incur. What can they do to address this issue? Perhaps the least popular alternative is to watch expenses even more closely. This could be difficult for many seniors who already pinch their pennies to make ends meet. For those in this group, take advantage of any government program that can reduce costs, such as the Medicare Part D Extra Help program for individuals with limited income. Retirees with access to other income sources, such as IRAs and 401(k) plans, might need to withdraw more from those accounts to cover their higher cost of living. Talk to a reputable financial planner first, though, to ensure the retirement accounts won't be depleted too quickly. Some seniors might consider working part-time to boost their income enough to make up for an insufficient Social Security COLA. However, this won't be an option for everyone. For retirees seeking a broader solution to the underlying problem, consider advocating for a change to how Social Security COLAs are calculated. TSCL's survey found that 96% of seniors favor reforming the COLA calculation, with the most popular solution being replacing the CPI-W with an inflation metric that better reflects seniors' spending. Calling congressional representatives is one way to push for such changes. The $23,760 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Join Stock Advisor to learn more about these Motley Fool has a disclosure policy. Social Security's 2026 COLA Forecast Was Just Updated. Here's How Much Benefits Could Increase and Why It Might Not Be Enough. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data