Retirement Board approves 3% COLA effective July 1.
Swampscott Retirement Board grants 3 percent COLA to system retirees effective July 1, 2026. Chair Thomas H. Driscoll Jr., Vice Chair John F. Behen Jr., Kevin F. Breen, Robert J. Powell III, and Patrick Luddy unanimously approved the increase along with two new members and $1.12 million in combined