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MARYLAND STATE RETIREMENT AND PENSION SYSTEM AMENDED AND RESTATED NOTICE EXTENDING CERTAIN TIME REQUIREMENTS
Changes due to COVID-19 State of Emergency
This Amended and Restated Notice Extending Certain Time Requirements (“Amended and Restated Notice”) is given by the Board of Trustees of the Maryland State Retirement and Pension System (“System”) on March 1, 2021, acting pursuant to the Proclamation of Governor Lawrence J. Hogan, Jr.
Eligible retirees to receive 1.812% cost-of-living adjustment in July
Retired Maryland teachers, state and municipal employees, correctional officers and police will notice an increase to their monthly retirement benefit in July as the annual cost-of-living adjustment (COLA) takes effect.
This year’s COLA rate is 1.812%.
The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to the homes of all retirees on July 31.
Frequently asked questions
Q. Who qualifies to receive the COLA this July?