January 31, 2008: The Quincy Retirement Board has unanimously voted to grant a 3% cost-of-living-adjustment (COLA), to take effect on July 1, 2008. By law, the COLA will be based on the first $12,000 of one’s pension for a maximum annual increase of $360. Once granted, the COLA becomes a permanent part of the base pension. Those retirees, who were retired prior to July 1, 2007, are eligible for the 2008 COLA.
In addition, the five-member Board voted to authorize our consultant Meketa Investment Group to publish a request for proposal for a dedicated emerging markets manager. Emerging markets are business and investment activity in industrializing or developing regions of the world. Investing in this asset class serves to further diversify the Quincy Retirement System’s investment portfolio.

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