2013 News
New Trustee, Linda Herman Appointed to Board
Governor Martin O’Malley has appointed Linda Herman, Executive Director of the Montgomery County Employee Retirement Plans (MCERP), to a newly-created 15th seat on the Board of Trustees of the Maryland State Retirement and Pension System. The board was expanded to include an additional trustee to represent the interests of county governments as a result of legislation passed during the 2013 General Assembly session.
Bush, Haines Elected to Board of Trustees
James A. Bush, Jr., and Kenneth B. Haines have been elected this spring to the Maryland State Retirement and Pension System Board of Trustees. Trustee Bush, a budget analyst with the Maryland Transit Administration, was elected by members and retirees of the Employees’ Systems. He previously served as a trustee of the Baltimore City Employees Retirement System and the Baltimore City Elected Official Retirement System for 10 years, the last three as board chairman. He then was employed as a financial advisor with Merrill Lynch. Mr.
New: Online Appointment Scheduling
If you want to meet with a highly-trained retirement benefits specialist, try our new appointment scheduling website.
Members can discuss topics such as:
- steps to retirement
- benefit payment options
- purchasing service
- filing for a disability retirement
- changing beneficiaries
Retirees can change their tax withholding, direct deposit, or beneficiaries on file.
2013 Employees’ System Trustee Election
Beginning on May 14, 2013, eligible members and retirees of the Employees’ Systems (Correctional Officers’ Retirement System, Employees’ Retirement System, Employees’ Pension System, Judges’ Retirement System, the Legislative Pension Plan, the Local Fire and Police System, and the Law Enforcement Officers’ Pension System) will have the opportunity to cast their votes in the 2013 Employees’ Systems Trustee Election. This election will utilize the State Retirement Agency’s electronic voting process.
Eligible Retirees to Receive 2.069 Percent COLA Beginning July 2013
Eligible retirees and beneficiaries of the Maryland State Retirement and Pension System will receive a 2.069% increase in their retirement payment in July 2013 as the annual cost-of-living adjustment (COLA) takes effect. 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 applied to their monthly benefit payable July 31, 2013.
Members who retired after July 1, 2012 are not eligible for a COLA until they have been retired one full year as of July 1.