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?