Retirees
Retirees
Retirees and beneficiaries of deceased retirees (collectively, payees) rely on the benefits provided by the Maryland State Retirement and Pension System to help them enjoy their years of retirement. This overview deals with how the benefits provided to payees may be affected during retirement and how the Maryland State Retirement Agency assists payees while they receive their monthly retirement allowances.
At retirement, each new retiree receives by mail a brochure featuring handy information for Maryland State Retirement and Pension System payees.
Changing Your Mailing Address
In order for the Maryland State Retirement Agency to mail your annual 1099-R tax document, the bi-annual Retiree News and Notes newsletter and advice slips, it is important that you notify the Retirement Agency when you change your mailing address. Just log into mySRPS to update your contact information. Click here for more information about mySRPS.
You can also change your address but completing Form 77: Contact Information Change Request.
Cost-Of-Living Adjustments (COLA)
Payees may be eligible to receive COLAs on their retirement allowance each July. The adjustment is tied to the U.S. Department of Labor’s Consumer Price Index. A member must be retired at least one year as of July 1 to be eligible to receive that year’s increase.
More information regarding the July 1, 2024 adjustment is
available
here.