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Lawmakers, retirees push to raise decades-old veterans pension bonus
Summary
A proposal to raise the Commonwealth's veterans pension bonus—unchanged since the 1950s—was presented to the Joint Committee on Public Service with backing from Mass Retirees and an actuarial review characterizing costs as minimal.
Representative Dennis Gallagher and retirement advocates asked the Joint Committee on Public Service to increase a decades-old veterans bonus paid to public-employee retirees.
The current benefit, established in the mid-1950s, adds $15 per month to a qualifying retiree’s pension up to $300 a year. Gallagher said his bill would increase the amount to $50 per year of service, capped at $1,000…
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