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2016 News

IFB: Shredding and Recycling Services
Maryland State Retirement Agency reports returns in FY 2016

Two elections will be conducted in Spring 2017 for seats on the Board of Trustees of the Maryland State Retirement and Pension System to choose an active Teachers’ System representative and an active Employees’ System representative. The seat for the active Teachers System representative is open to active members of the Teachers’ Retirement System or the Teachers’ Pension System. The seat for the active Employees System representative is open to active members of the Correctional Officers’ Retirement System, the Employees’ Retirement System, the Employees’ Pension System, the Judges’ Retirement System, the Legislative Pension Plan, the Local Fire and Police System or the Law Enforcement Officers’ Pension System. Both active members and retirees of the respective systems will be eligible to vote.

Each potential candidate must obtain the signatures and dates of birth of 500 persons who are eligible to vote in the election. Signatures must be on official nomination petitions.

Potential candidates may request a nomination packet from September 1, 2016 through December 2, 2016 by calling Megan Myers at 410-625-5608 or toll free at 1-800-492-5909. Completed nomination forms must be received at the Maryland State Retirement Agency no later than January 31, 2017 by 4:30 p.m. Eastern Time.

The successful candidates will serve a term in office from August 1, 2017 through July 31, 2021. For more information on the Board of Trustees, including member biographies, photos and committee assignments, please click here.

“Think Tank’s” Poor Research Leads to Poor Conclusions: Maryland Public Policy Institute gets it wrong, again.

Eligible retirees to receive cost-of-living adjustment (COLA) beginning with July 2016 payment

Retirees and beneficiaries of the Maryland State Retirement and Pension System will receive an increase in their retirement payment effective this July as the annual cost-of-living adjustment (COLA) takes effect.

For all eligible retirees who retired on or before July 1, 2015, the COLA increase will be 0.119%. Since this year’s COLA rate does not exceed the system limit or cap in place for retirees of the Pension System, all eligible retirees will receive the full COLA.

Members who retired after July 1, 2015 are not eligible for a COLA until they have been retired one full year as of July 1.

The COLA does not apply to most legislative and judicial retirees. Retirees from the legislative and judicial systems receive adjustments based on the increases received by active legislators and judges.

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