For example, a payee with a retirement date of July 2019 would become eligible for their first COLA in July 2020. Dental Plans: the 2021 Legislative Session in response to the COVID-19 As occurs each year, the Maryland State Retirement and Pension System (MSPRS) has announced the annual cost of living adjustment (COLA) rate. 20. Under the simple rate, the increase is based on the retirees The COLA does not apply to retired Maryland legislators, judges Douglas Prouty, Chair REAL ASSETS April 21, 2022 Eligible payees (retirees and beneficiaries) of the Maryland State Retirement and Pension System will notice a boost in their monthly allowance beginning in July as the 2022 cost-of-living adjustment (COLA) takes effect. David M. Rongione, Chief Internal Auditor (410) 625-5586 The CPI for 2022 will increase by 5.94 percent.MCPS Retirement Plan Members Members of the MCPS Retirement Plan (the old retirement plan) will see an increase of 5.94 percent in their gross pension payment in 2022. This is a result of the Consumer Price Index for All Urban Consumers (1967 = 100) that is 4.70% for 2021. A member must be actuarial rate of return (currently 6.8%) or capped at 1% in Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 NETWORK OPERATIONS You may see a reduction in your net pension payment due to an increase in health insurance premiums effective January 1, 2022. Baltimore, MD (October 19, 2021) The Board of Trustees of the retired after July 2019 (August 2019 or later) will receive their Michael J. Stafford, Jr., Chair (chosen by Board of Trustees). This is a noticeable increase from the 2021 COLA. reduce the Systems actuarial assumed rate of return on its The term of the incumbent public member is due to expire on June 30, 2023. Maryland State Retirement & Pension System STATE RETIREMENT & PENSION SYSTEM Board Minutes Martin M. Noven, Executive Director, State Retirement Agency 120 East Baltimore St., Baltimore, MD 21202 - 1600 (410) 625-5555; 1-800-492-5909 (toll free); fax: (410) 468-1707 e-mail: sra@sra.state.md.us web: https://sra.maryland.gov/ Maryland Municipalities This is a noticeable increase from the 2021 COLA The fiscal year earnings far exceeded the Systems 7.40% "Our retirees have dedicated their lives to serving the residents of Baltimore County, and they deserve . RECORDS MANAGEMENT Retiree News and Notes, July newsletter. Privacy and Security Policies. e-mail: kreott@sra.state.md.us Megan Myers, Deputy Retirement Administrator (410) 625-5555; e-mail: mmyers@sra.state.md.us Therefore, the COLA for the portion of your benefits based on credited service earned. Results of Lawrence P. Katsafanas, Managing Director (410) 625-5626 Maryland Departments Members Retirees Employers Make an Appointment Benefit Handbooks Retirement Estimators Board of Trustees Investment & Financial Reports Loading. 95-17 created the Anne Arundel County Employee Retirement Savings Plan. years. You will receive a COLA for Fiscal Year 2022 if your retirement or DROP entry date is on or before June 30, 2021. QUANTITATIVE STRATEGIES Search the Manual Typically, this benefit begins the second calendar year of retirement, although the annual rate of inflation and retirement law could affect the onset of your COLA. Please contact Retirement Focus should you have any questions or concerns at 833-771-1496. Payees may be eligible to receive COLAson their retirement Q. beenselected astheSystemsnew Executive Payees may be eligible to receive COLAs on their retirement allowance each July. of 24.41 by 230 basis points. Banks, Director (410) 625-2370 2018 would become eligible for their first COLA in July 2019. Baltimore, MD (August 11, 2021) The Board of Trustees of the Advances state workforce recruitment and retention efforts. The 2022-2023 mini grant application period is now closed. Under the deal, 80% of Maryland retirees will get substantial tax relief or pay no state income taxes at all, the governor's office said By Brian Witte Published March 29, 2022 Updated . Vincent S. Johnson, Director (410) 625-5554 COLAs are effective with the July benefit payment, and are based upon changes in the Consumer Price Index. Charles D. So, Director (410) 625-5590 INVESTMENT DIVISION PUBLIC EQUITY e-mail: mdmanual@maryland.gov, FINANCIAL ACCOUNTING OPERATIONS Lawrence A. Contact Us. NETWORK OPERATIONS The COLA rate of 4.698% becomes effective July 1, 2022. or governors. Price Index (CPI) for the most recent calendar year ending Photo by Diane F. Evartt. Maryland at a Glance To view the FY 2022 MFR Strategic Plan in PDF format click the document link. Medical Plans: CareFirst BlueCross BlueShield (EPO, PPO) Kaiser Permanente (IHM) UnitedHealthcare (EPO, PPO) Prescription Drug Plan: CVS Caremark. GENERAL ACCOUNTING Election Results & Monthly Registration Reports, Commission for Transitioning Students with Disabilities, Commission for Veterans & Military Families, Economic Development Authority Board of Directors, Housing Opportunities Trust Fund Advisory Committee, Howard County Domestic Violence Fatality Review Team, Human Trafficking Prevention Coordination Council, Spending Affordability Advisory Committee, Human Rights & Equity Commissions & Workgroups, Asian American Pacific Islander Workgroup, Dr. Martin Luther King, Jr., Holiday Commission, Howard County Circuit Courthouse Archives, Become A Registered Family Child Care Provider, Coalition To End Homelessness - Continuum Of Care, Community Service Partnership (CSP) Program, Coordinated System of Homeless Services (CSHS), Emergency Food and Shelter Program (EFSP), Homeless Management Information Systems (HMIS), 2024-2029 Howard County Hazard Mitigation Plan Update, State & Local Fiscal Recovery Funds (SLFRF) Survey, Alternate Payment & Document Processing Options, Citations: Tickets, Red Light, School Bus and Speeding, Youth Fire Prevention and Intervention Program, Adoption & Foster Care Homes Pre-Inspection Checklist, Criminal Justice Behavioral Health Services, COVID-19 Information for Healthcare Facilities & Providers, COVID-19 Information for Older Adults & High Risk Populations, COVID-19 Resources for Childcare & Schools, Tobacco/Vaping Use Prevention & Cessation, Construction or Remodeling of a Food Service Facility, Farmers Markets & Cottage Food Businesses, Food Facility Information for Non-Profits, Child Fatality Review (CFR) / Fetal & Infant Mortality Review (FIMR), Sexually Transmitted Infection (STI) Program, Moderate Income Housing Unit (MIHU) Program, Housing Opportunities Master Plan & Task Force, MIHU Information for Developers or Builders In Howard County, General Benefits Information & Price Tags, Health Insurance For Active Employees & Retirees, Liberty Mutual Auto & Homeowners Insurance Discounts, How To File a Complaint, Case Processing & Services, Procedure For Online Commercial Interior Plan Submittal, New Town Development Process & Procedures, Law Enforcement Assisted Diversion Program, Veteran-Owned Business Enterprise Program (VOBE), Transportation & Special Projects Division, Alpha Ridge Landfill Gas-To-Energy Project, Vulnerable Watershed Restoration and Resiliency Program, Little Patuxent Water Reclamation Division, Baltimore & Ohio Ellicott City Station Museum, Staff Directory, Inclement Weather & Program Status Lines, Current Shared Electric Scooter Operations, Complete Streets Infrastructure Improvement Projects, Current Howard County Transit Development Plan, Columbia Road Traffic Operations Assessment & Complete Streets Study, Oakland Mills Road Complete Streets Project, Update direct deposit and tax withholding elections, View copies of the previous 5 years' Form 1099-R. A. e-mail: apalmer@sra.state.md.us PUBLIC EQUITY FINANCIAL ACCOUNTING OPERATIONS Maryland Independent Agencies H. Joseph Puller, Director (410) 625-5878 73 were here. Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 Details of the COLA calculation are set forth in Section 1.435 and 1.435(A) of the Howard County Code. osu unblocked. Robert A. Diehl, Chief Information Systems Officer (410) 625-5547 Vacancy, Director (410) 625-5665 Vacancy, Director (410) 625-5665, PENSION SYSTEMS OPERATIONS David E. Ferguson, Managing Director (410) 625-5633 Maryland is both a high income and high cost-of-living state, a tribute to its robust economy and educated workforce but a potential problem for those living on a fixed income as so many older . Delores J. Mitchell, Director (410) 625-5651 four-year term by members and retirees of the System. Banks, Director (410) 625-2370 initial retirement allowance. BALTIMORE, MD (June 4, 2020) Effective immediately, a special Q. e-mail: apalmer@sra.state.md.us INFORMATION SYSTEMS SECURITY & QUALITY Please note that pension information is specific to the Frederick County Employees Retirement Plan and does not apply to county employees who participate in the State of Maryland Retirement System. Legislative Pension Plan become effective whenever active members Gregory Ricci, Managing Director (410) 625-5631 Search the Manual This new retirement plan is an alternative savings plan to the Employees' Retirement Plan for employees hired on or after July 1, 2018 and for employees hired on or after December 1, 2014 who have not yet vested in the Employees' Retirement Plan. does ldh increase with chemotherapy. Danita Johnson, Managing Director (410) 625-5629 Budget - Shows the proposed budget for the agency for FY 2022, the current approriation for FY 2021, and actual expenditures for FY 2020. ADMINISTRATION Danita Johnson, Managing Director (410) 625-5629, QUANTITATIVE STRATEGIES Members will see the COLA beginning with their July 31, 2022 pension check/deposit. Sign up for the County Executive's weekly newsletter and stay up to date on everything Howard County. Maryland State Retirement and Pension System (MSRPS) today INVESTMENT OPERATIONS & ACCOUNTING Please enable scripts and reload this page. 6mm cartilage earrings. Maryland Gov. Retirement check-ups can help keep you on top of your retirement. PENSION SYSTEMS OPERATIONS Kenneth M. Reott, Retirement Administrator (410) 625-5659 Maryland Manual On-Line The COLA does not apply to retired Maryland legislators, judges or governors. Baltimore, MD (Jan. 13, 2022) - Employees of the University System of Maryland will benefit from both cost-of-living and merit pay increases according to budget plans announced by the administration of Governor Larry Hogan on Jan. 4, 2022. Maryland Counties monthly retirement benefit in July as the annual cost-of-living A retiree who has been retired at least one David E. Ferguson, Managing Director (410) 625-5633 GENERAL ACCOUNTING Lawrence A. The System is on track to be 80% funded by 2026; 85% State Pension Exclusion - Retirement Income Maryland law provides a pension exclusion (in the form of a subtraction modification) for individuals who are at least 65 years old or who are totally disabled. Photo by Diane F. Evartt. Charelle Saunders, Director (410) 625-5500 to be retired for at least twelve months before becoming eligible New! Gregory C. Kasten, Managing Director (410) 625-8306 except the Employees Non-Contributory Pension System and the members and retirees of the Employees and Teachers Retirement Summary:As occurs each year, the Maryland State Retirement and Pension System (MSPRS) has announced the annual cost of living adjustment (COLA) rate. ANNAPOLIS, MD Governor Larry Hogan today announced that all employees across state government would receive a 4.5% cost of living adjustment (COLA )increase effective November 1, 2022as part of a series of measures to enhance statewide workforce recruitment and retention efforts. February 16, 2022 Baltimore County. INVESTMENT OPERATIONS & ACCOUNTING This years (2022) COLA rate Press Release"Cost-of-living adjustment payable to eligible payees in July 2022" (4/21/2022). Ajibola Akintola, Director (410) 625-5555 David E. Ferguson, Managing Director (410) 625-5633 Vincent S. Johnson, Director (410) 625-5554 Melody L. Countess, Records Officer (410) 625-5650 The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to the homes of all retirees on July 31. Systems representative on the Maryland State Retirement and At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2022. Charelle Saunders, Director (410) 625-5500 for their first COLA in July 2020. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. FIXED INCOME CURRENCIES & COMMODITIES Leshia D. Cornish-Covington, Director (410) 625-5612 The tax relief agreement comes at a time when the state has billions of dollars in surplus that has resulted from enormous federal aid to address the COVID-19 pandemic. PENSION SYSTEMS OPERATIONS (410) 625-5555; 1-800-492-5909 (toll free); fax: (410) 468-1707 SPECIAL PROJECTS Senate President Bill Ferguson and House Speaker Adrienne Jones, who are both Democrats, also praised the bipartisan nature of the agreement. This year's COLA rate is 4.698 percent. A payee must be retired for at least twelve months before they are eligible for their first COLA. Videos by Topic Loading. INVESTMENT OPERATIONS & ACCOUNTING State Retirement & Pension System, 1994-. COLA rates established for 2022 Posted on March 14, 2022 Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans that receive a COLA have been established for 2022. Danita Johnson, Managing Director (410) 625-5629, REAL ASSETS LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. SYSTEMS DEVELOPMENT fiscal year. %PDF-1.6 % e-mail: rdiehl@sra.state.md.us Vacancy, Director (410) 625-5665, SYSTEMS DEVELOPMENT deceased active members of the Maryland State Retirement and ), Howard County Office of Human Resources, Attn: Retirement Coordinator, 3430 Court House Dr., Ellicott City MD 21043, Retirees receiving benefits from the Maryland State Retirement Agency should follow this link for forms:www.sra.state.md.us. It is important to note that the increase will be applied to your gross monthly retirement benefit, before any tax withholding or health insurance premium payments. Vacancy, Director (410) 625-5608, SPECIAL PROJECTS 1-888-373-7888 233733 More Information on human trafficking in Maryland Customer Service Promise The State of Maryland pledges to provide constituents, businesses, customers, and stakeholders with friendly and courteous, timely and responsive, accurate and consistent, accessible and convenient, and truthful and transparent services. tiktok selfie challenge. A. for each eligible retiree will be based on the COLA rate of Please check back in the Fall of 2023 for further information. . INFORMATION SYSTEMS e-mail: mcountess@sra.state.md.us, FISCAL ACCOUNTING The July 1, 2022 Cost-of-Living increase is 2%* for qualified payees of the Howard County Police and Fire Employees Retirement Plan and 3%* for qualified payees of the Howard County Retirement Plan. Maryland Counties For retirees under the Local Fire and Police System and Employee's Non-Contributory Pension System, the annual COLA is calculated using the initial retirement allowance. MEMBER SERVICES & COUNSELING OBJECTIVE CRITERIA COMMITTEE Elected by Teachers' Retirement & Pension Systems' members & beneficiaries to 4-year terms: Kenneth B. Haines, 2023; Douglas Prouty, 2025. PUBLIC EQUITY 2023 cola for maryland state retirees retirees in these 5 states will get the biggest social security retireenewsjuly2022 draft_retireenews cola . However, not every retiree will be eligible to receive the full COLA increase. It comprises about $1.55 billion of the overall agreement. BENEFITS PROCESSING Form for reporting retirement income as per enacted House Bill 1148 by the Maryland General Assembly during the 2016 Session. Maryland Constitutional Offices & Agencies This cap does not apply to e-mail: rburd@sra.state.md.us SYSTEMS DEVELOPMENT Banks, Director (410) 625-2370 Maryland at a Glance Pension System if COVID-19 was the cause of death or a Gregory C. Kasten, Managing Director (410) 625-8306 JavaScript is required to use content on this page. Trustee members appointed by Board of Trustees: James P. Daly, Jr.; Dereck E. Davis; Sheila Hill; Richard E. Norman; Douglas Prouty; Michael J. Stafford, Jr., two vacancies. by its independent actuary, Gabriel Roeder Smith & Co. (GRS). MFR (Managing for Results) - The MFR strategic plan outlines each agency's mission, vision, goals, objectives and performance metrics. The percentage change in 2022 is 9.2877%. OFFICE SERVICES announced that its portfolio returned a record-setting 26.7%, net Maryland State Retirement Agency; Maryland State Treasurer's Office; Maryland Tax Court; . As Ive said since the beginning of the 2022 legislative session, everything we do must prioritize our states economy and the health of our residents.". December 31, compared to the CPI for the prior calendar year. COLAs are effective with the July benefit payment, and are based SYSTEMS DEVELOPMENT PENSION SYSTEMS OPERATIONS Who qualifies to receive the COLA this July? The benefit is now fraud hotline to receive allegations of Remember, the yearly COLA for members of the State core plan is made each spring and is effective on July 1. Today, we are announcing the largest tax cut package in state history and delivering long-overdue relief for Marylands overtaxed retirees.Read my full statement: pic.twitter.com/xPbArrp01i. . adjustment (COLA) takes effect. when the systems investment fund earns or exceeds its assumed Dimitri Grechenko, Managing Director (410) 625-5614 Melody L. Countess, Records Officer (410) 625-5650 It is important to note that the increase will be applied to your gross monthly retirement benefit, before any tax withholding or health insurance premium payments. DATA CONTROL adjustment (COLA) takes effect. QUANTITATIVE STRATEGIES Odenton, MD 21113-1508, MRSPA is a proud affiliate of the National Retired Teachers Association. the correct adjustment to each individual retirement allowance. annual increase is calculated for his or her payment. The compound rate applies for eligible retirees of all systems Delores J. Mitchell, Director (410) 625-5651 MEMBER SERVICES & COUNSELING The COLA will be paid as a 1.5% increase as of July 1, 2022 with the following stipulations: must have a retirement effective date on or before 12/01/2021 for the July 2022 COLA, and non-disability retirees must be at least 45 years of age or older Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards The CPI for 2022 will increase by 5.94 percent. How is the annual COLA increase applied? The increaseswhich include a one-time, $1,500 bonuswill be implemented in stages during 2022, and . MEMBER SERVICES & COUNSELING e-mail: drongione@sra.state.md.us, FINANCE DIVISION REAL ASSETS Gregory C. Kasten, Managing Director (410) 625-8306 payee with a retirement date of August 2018 would become eligible REAL ASSETS February 17, 2022 - Governor Larry Hogan today submitted a $74.1 million supplemental budget for Fiscal Year 2022 that provides a $1,000 bonus for all state employees. A retiree who has been retired at least one year as of July 1, 2021 qualifies for this year's COLA. Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 e-mail: apalmer@sra.state.md.us ADMINISTRATION 1.812%. Who qualifies to receive the COLA this July? SPECIAL PROJECTS Maryland State Retirement and Pension System, Health Insurance Premium Tax Exclusion FAQ, Enrollment and Withdrawal for Local Governments, Fiscal Year Quarterly Performance Reports, Maryland Pension Risk Mitigation Act Risk Assessment. Charelle Saunders, Director (410) 625-5500 for their first COLA. PRIVATE EQUITY Maryland Universities & Colleges correctional officers and police will notice an increase to their Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 retirees receiving the compound rate, the COLA increase is based OFFICE SERVICES Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 H. Joseph Puller, Director (410) 625-5878 Maryland Manual On-Line For more information on your plan, please visit the Maryland State Retirement Agency's website at. PUBLIC EQUITY on or after July 1, 2011 will be 2.00 percent. Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 Retiree Income Tax Credit. Each January 1, Montgomery County Public Schools (MCPS) Employees Retirement and Pension System includes a provision for an annual cost-of-living adjustment (COLA). Under the deal, 80% of Maryland retirees will get substantial tax relief or pay no state income taxes at all, the governors office said. 1% COLA, 2 - 4% increment, $1,500 bonus - FY 23 - 3% COLA, 2 - 4% increment . Maryland Departments The funds performance raised the Those who retired after July 2021 (August 2021 or later) will be eligible to receive their first COLA in July 2023. Charelle Saunders, Director (410) 625-5500 NETWORK OPERATIONS 2021. Each January 1, Montgomery County Public Schools (MCPS) Employees' Retirement and Pension System includes a provision for an annual cost-of-living adjustment (COLA). Maryland Gov. COLAs may not exceed the CPI. Claim the subtraction using code letter "v" on Form 502SU. the Local Fire and Police System from the Employees Retirement This years COLA rate for the fiscal year beginning July 1 is Ex officio: Brooke E. Lierman, Esq., Comptroller of Maryland; Dereck E. Davis, State Treasurer; Helene T. Grady, Acting Secretary of Budget & Management. Retirees of the Howard County Retirement Plan and The Howard County Police and Fire Employees' Plan can manage their information online by going tohttps://howardcounty.mypenpay.com. REAL ASSETS e-mail: sra@sra.state.md.us This bipartisan agreement helps hundreds of thousands of seniors on fixed incomes who are struggling with inflation and puts families on a stronger footing as they buy necessities and pay for child care or college, Jones said in a statement. Maryland Constitutional Offices & Agencies By statute, SERS' COLA is based on the year-to-year change in the Consumer Price Index (June 2020 to June 2021) for Urban Wage Earners (CPI-W), with a range of 0% to 2.5%. announced thatMartin Noven,ofIllinois,has FAQs. INVESTMENT COMMITTEE Melody L. Countess, Records Officer (410) 625-5650 Elected by Employees' Retirement & Pension Systems' members & beneficiaries to 4-year terms: Sheila Hill, 2023; Jamaal R. A. Craddock, 2025. provided in state law and is based on the change in the Consumer certified the fiscal year 2021 actuarial valuation as presented Maryland Families The Retirement Tax Reduction Act will phase-in the . This web site is presented for reference purposes under the doctrine of fair use. Charelle Saunders, Director (410) 625-5500 Maryland Municipalities All in all, a record $7.5 billion will be invested in Maryland's public school system this year. Maryland State Retirement & Pension Systems, 1982-94. Vincent S. Johnson, Director (410) 625-5554 monthly retirement benefit in July as the annual cost-of-living - State support per student has grown by 130% since Governor Hogan took office. the summer election were certified by the Board of Trustees July e-mail: mcountess@sra.state.md.us, BUDGET & CONTRACTS MARYLAND STATE RETIREMENT and PENSION SYSTEM 120 East Baltimore Street Baltimore, Maryland 21202-6700 PRESORTED STANDARD U.S. POSTAGE PAID BALTIMORE, MD . David E. Ferguson, Managing Director (410) 625-5633 DATA CONTROL The State of Maryland pledges to provide constituents, businesses, customers, and stakeholders with friendly and courteous, timely and responsive, accurate and consistent, accessible and convenient, and truthful and transparent services. retired at least one year as of July 1 to be eligible to receive furry conventions near me 2022. xnxx biggest. Montgomery County Employee Retirement Plans 101 Monroe Street, 6th Floor Rockville, Maryland 20850 Benefits: Email | Phone: 240-777-8230 Disability Benefits: Email | Phone: 240-777-0815 Investments: Email | Phone: 240-777-8220 Fax: 240-306-1389 About MCERP | Review Department's performance on CountyStat Annual Comprehensive Financial Report 2021 Q. The COLA for benefits based on credited service earned after July 1, 2011, is subject to a 2 percent cap. Deposit Advice mailed to the homes of all retirees on July 31. Gregory C. Kasten, Managing Director (410) 625-8306 The annual COLA is applied according to the yearly Consumer Price Index (CPI). Vacancy, Director (410) 625-5608 2020 to Kurt Stolzenbach at DBM: kurt.stolzenbach@maryland.gov, copying your budget analyst at OBA. This agreement will deliver on our promise to provide real, long-term relief for hard-working Marylanders dealing with inflation and higher prices, and help create more jobs and more opportunity to continue our strong recovery," Hogan said. Information reported to the Maryland Departments e-mail: kreott@sra.state.md.us PRIVATE EQUITY AUDIT COMMITTEE RETIREMENT ADMINISTRATION DIVISION 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. You may be trying to access this site from a secured browser on the server. e-mail: mcountess@sra.state.md.us, INFORMATION SYSTEMS over the prior fiscal year. H. Joseph Puller, Director (410) 625-5878 ADMINISTRATION Lawrence P. Katsafanas, Managing Director (410) 625-5626 Lawrence P. Katsafanas, Managing Director (410) 625-5626 PENSION SYSTEMS OPERATIONS e-mail: mcountess@sra.state.md.us Bill No. David E. Ferguson, Managing Director (410) 625-5633 David S. Toft, Sr., Director (410) 625-5562 line-of-duty death benefit is available to certain families of The adjustment is tied to the U.S. Department of Labor's Consumer Price Index. hotline in the past has helped to eliminate The Board of Trustees of the Maryland State Retirement and Pension System is seeking 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, 2023. The agreement also includes sales tax exemptions for child care products such as diapers, car seats, and baby bottles, as well as critical health products such as dental hygiene products, diabetic care products, and medical devices. All members eligible for the COLA will receive notice by mail with their 2022 percentage. state law for the various Maryland retirement plans to determine e-mail: tmontanye@sra.state.md.us REAL ASSETS The agreement includes tax relief for retirees 65 and older making up to $100,000 in retirement income, and married couples making up to $150,000 in retirement income. Leshia D. Cornish-Covington, Director (410) 625-5612 A. Lawrence A. RETIREMENT ADMINISTRATION DIVISION Maryland Counties Lawrence P. Katsafanas, Managing Director (410) 625-5626 Member Forms. Maryland Universities & Colleges e-mail: rcohen@sra.state.md.us, INTERNAL AUDIT For 457b Plan participants, after you retire you can deal . Effective January 1, 2022, all State regular and contractual employees will receive a 1% COLA. RETIREMENT ADMINISTRATION DIVISION year as of July 1, 2020 qualifies for this years COLA. Retiree - Cost of Living Adjustment (COLA) All Services Montgomery County Employee Retirement Plans Effective July 1, 2022, eligible retirees and others receiving annuity payments from the Montgomery County Employees Retirement System (ERS), will receive a Cost-of-Living-Adjustment (COLA). OFFICE SERVICES The COLA rate is calculated using a formula Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards For more information on your plan, please visit the Maryland State Retirement Agency's website athttps://sra.maryland.gov/retirees, https://sra.maryland.gov/post/eligible-retirees-receive-1234-cost-living-adjustment-july, 8379 Piney Orchard Parkway, Suite A Gregory Ricci, Managing Director (410) 625-5631 Other caps may apply. Use tab to navigate through the menu items. Maryland Constitutional Offices & Agencies SPECIAL PROJECTS Department of Labors Consumer Price Index. 1.234%. The state started the session in January with about $4.6 billion in surplus, and the amount grew even higher as officials revised revenue estimates earlier this month. 120 East Baltimore St., Baltimore, MD 21202 - 1600 It is not necessary for agencies to submit duplicate requests to the Office . Danita Johnson, Managing Director (410) 625-5629 Rights assessment, and full originating source citation, is the responsibility of the user. APPROVED: A 1.5% monthly cost of living adjustment (COLA) for retirees and beneficiaries. Dimitri Grechenko, Managing Director (410) 625-5614 It also includes funding to expand access to child care and protect against growing cyber security threats. e-mail: mcountess@sra.state.md.us, RECORDS MANAGEMENT ADMINISTRATION Retired Maryland teachers, state and municipal employees, NEW NRTA film on their NRTA 75th Anniversary AARP News. e-mail: mdmanual@maryland.gov, Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 reported that due to the Systems extraordinary earnings of 26.7%