Eligible retirees and beneficiaries of the Maryland State
Retirement and Pension System will receive a 1.465% increase in
their retirement payment in July 2014 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, 2014.
Members who retired after July 1, 2013 are not eligible for a
COLA until they have been retired one full year as of July 1.