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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?

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SRPS is Open for Business During State of Emergency

Considering recent local developments related to the Coronavirus (COVID-19), the Maryland State Retirement Agency is taking precautions to ensure the health and safety of the participants we serve and our employees. As this situation continues to evolve, we will continue to follow all guidance from the  Governor’s Office, the State Department of Health, and the Centers for Disease Control and Prevention (CDC).

In-person meetings with retirement counselor suspended

News Release

Maryland State Retirement and Pension System
Calls for Nominations: Public Member, Investment Committee

BALTIMORE, MD (January 21, 2020) – The Board of Trustees of the Maryland State Retirement and Pension System is calling for nominations for a public member to serve as an unpaid advisor to the retirement system’s Investment Committee for a three-year term beginning July 1, 2020. The term of the incumbent public member is due to expire on June 30, 2020. The committee meets four times each year on the third Tuesdays of February, May, September and November, in the System’s offices in Baltimore.

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Maryland State Retirement & Pension System Earns 6.46% on Investments in FY 2019

Baltimore, MD (July 31, 2019) — The Board of Trustees of the Maryland State Retirement and Pension System today announced that its portfolio returned 6.46% percent, net of fees, on investments for the fiscal year that ended June 30, 2019—falling short of the System’s 7.45% assumed actuarial return rate. The fund’s performance raised the system’s assets to $54.2 billion, an increase of $2.4 billion over last year.

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Eligible retirees to receive cost-of-living adjustment in July

April 18, 2019

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.

For retirees from the Employees’ or Teachers’ Retirement System OR persons who retired on or before July 1, 2011, the COLA rate is 2.443%.