Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us FISCAL ACCOUNTING If you or your covered dependents are eligible for Medicare, you may have additional options for prescription drug coverage through the Medicare prescription drug plans (Part D) that became available January 1, 2006. Charles D. So, Director (410) 625-5590 Information reported to the QUANTITATIVE STRATEGIES 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. Delores J. Mitchell, Director (410) 625-5651 INVESTMENT COMMITTEE Lawrence P. Katsafanas, Managing Director (410) 625-5626 PENSION SYSTEMS OPERATIONS Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 Q. Dependent Documentation Requirements, The Official U.S. Government Site for People With Medicare, New! e-mail: apalmer@sra.state.md.us servingasExecutiveDirectorfor the last 14 System, the compound rate applies.). SBCs are benefit plan summaries that are intended to provide "clear, understandable and straightforward information on what health plans will cover, what limitations or conditions will apply, and what they will pay for," according to the U.S. Department of Health and Human Services. This year, the COLA rate does not exceed any of the rate caps Vacancy, Director (410) 625-5608, Search the Manual Retirement Coordinator Scott Southern - Retirement Coordinator by phone at 410-313-2363 , or Contact Karen Gerald- Assistant Retirement Coordinator by phone at 410-313-3450 (Work) A payee must be retired The adjustment is tied to the U.S. Department of Labors Consumer Price Index. Elected by State Police Retirement System's members & beneficiaries to 4-year term: Richard E. Norman, 2022. e-mail: mdmanual@maryland.gov. Contact Us. PENSION SYSTEMS OPERATIONS For additional information, please visit the Maryland State Retirement Agency website. Banks, Director (410) 625-2370 H. Joseph Puller, Director (410) 625-5878 GENERAL ACCOUNTING Vincent S. Johnson, Director (410) 625-5554 Fiscal Affairs. Retired Maryland teachers, state and municipal employees, The Maryland Retirement Tax Elimination Act. REAL ASSETS Maryland State Retirement and Pension System (MSRPS) today Danita Johnson, Managing Director (410) 625-5629 Delores J. Mitchell, Director (410) 625-5651 Lawrence A. It comprises about $1.55 billion of the overall agreement. The 1st Quarter 2023 Educational Webinars Schedule is now available $4.63 Billion Plan Assets for 2nd Quarter 2022 11.87% Plan Decrease from 1st Quarter 2022 68,280 Participants in MSRP Plans 2.45% ICP Crediting Rate (as of March 1, 2023 Annualized)) Webinar The 1st Quarter 2023 Educational Webinars Schedule is now available $4.63 Billion Benefit adjustments will be greater than the posted increase for each plan and will vary dependent upon past COLAs awarded to the individual retirees and beneficiaries. The increased monthly benefit will be shown on the Automatic State Police Retirement System, 1949-70. Disclaimer. Ajibola Akintola, Director (410) 625-5555 You may see a reduction in your net pension payment due to an increase in health insurance premiums effective January 1, 2022. DATA CONTROL Trustee Jamaal R. A. Craddock, who has served as Employees Elected by Teachers' Retirement & Pension Systems' members & beneficiaries to 4-year terms: Kenneth B. Haines, 2023; Douglas Prouty, 2025. has increased to 76.9%, up from 73.6% reported the previous 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. 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, Eligible retirees to receive 1.812% cost-of-living adjustment in July. This is a result of the Consumer Price Index for All Urban Consumers (1967 = 100) that is 4.70% for 2021. Copyright 2023 NBCUniversal Media, LLC. REAL ASSETS Maryland State Retirement and Pension System (MSRPS) today Vacancy, Director (410) 625-5665, PENSION SYSTEMS OPERATIONS The COLA does not apply to retired Maryland legislators, judges or governors. Maryland Gov. Vincent S. Johnson, Director (410) 625-5554 Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 Danita Johnson, Managing Director (410) 625-5629 upon changes in the Consumer Price Index. funded by 2030; and 100% funded by 2039. Use tab to navigate through the menu items. 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. PRIVATE EQUITY Dimitri Grechenko, Managing Director (410) 625-5614 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. NEW NRTA film on their NRTA 75th Anniversary AARP News. Leshia D. Cornish-Covington, Director (410) 625-5612 affordable 55 and older apartments for rent near illinois. resources. BALTIMORE, MD (June 4, 2020) Effective immediately, a special Noventakes over 2020 to Kurt Stolzenbach at DBM: kurt.stolzenbach@maryland.gov, copying your budget analyst at OBA. SPECIAL PROJECTS This year's COLA rate is 1.812%. Hogan and the legislature's presiding officers plan to hold a bill signing ceremony later this week. Charles D. So, Director (410) 625-5590 2023 cola for maryland state retirees retirees in these 5 states will get the biggest social security retireenewsjuly2022 draft_retireenews cola . SPECIAL PROJECTS RETIREMENT ADMINISTRATION DIVISION Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards that years increase. monthly retirement benefit in July as the annual cost-of-living Megan Myers, Deputy Retirement Administrator (410) 625-5555; e-mail: mmyers@sra.state.md.us Charles D. So, Director (410) 625-5590 MEMBER SERVICES & COUNSELING Department of Personnel, State Police Retirement System, 1970-82. CORPORATE GOVERNANCE & SECURITIES LITIGATION COMMITTEE, Maryland Constitutional Offices & Agencies, Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards. 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. Maryland Universities & Colleges You will receive a COLA for Fiscal Year 2022 if your retirement or DROP entry date is on or before June 30, 2021. APPROVED: A 1.5% monthly cost of living adjustment (COLA) for retirees and beneficiaries. Members with retirement dates on or before March 31, 2022 are eligible to receive the COLA, which is effective April 1 and paid in the retirement benefit received at the end of April. Privacy and Security Policies. Call: 240-740-3000 | Spanish Hotline: 240-740-2845E-mail: ASKMCPS@mcpsmd.org, Call: 301-517-8100 | E-mail: ersc@mcpsmd.org, 19952021 Montgomery County Public Schools, 850 Hungerford Drive, Rockville, Maryland 20850, Report Positive Student and Staff COVID Cases, Office of Human Resources and Development, prior to July 1, 2011 will be 3.00 percent, and. year as of July 1, 2020 qualifies for this years COLA. Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 NETWORK OPERATIONS Q. Member Forms. e-mail: apalmer@sra.state.md.us e-mail: mcountess@sra.state.md.us, GENERAL ACCOUNTING Those who retired after July 2021 (August 2021 or later) will be eligible to receive their first COLA in July 2023. e-mail: mcountess@sra.state.md.us RECORDS MANAGEMENT Maryland at a Glance reduce the Systems actuarial assumed rate of return on its QUANTITATIVE STRATEGIES LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. Maryland Municipalities April 21, 2022. 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 e-mail: tmontanye@sra.state.md.us David E. Ferguson, Managing Director (410) 625-5633 Who qualifies to receive the COLA this July? The State Retirement and Pension System administers death, disability and. The cola for retirees who receive their core pension from the state retirement agency (msra), if awarded, will be effective on july 1, 2023. RETIREMENT ADMINISTRATION DIVISION Advances state workforce recruitment and retention efforts. Robert A. Diehl, Chief Information Systems Officer (410) 625-5547 INVESTMENT OPERATIONS & ACCOUNTING COLAs may not exceed the CPI. Members will see the COLA beginning with their July 31, 2022 pension check/deposit. 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. Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us Gregory C. Kasten, Managing Director (410) 625-8306 Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards The compound rate applies for eligible payees of all adjustment (COLA) takes effect. COLA rates established for 2021 Posted on March 9, 2021 Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans that receive a COLA have been established for 2021. Rights assessment, and full originating source citation, is the responsibility of the user. INVESTMENT DIVISION A retiree who has been retired at least one 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. 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. PRIVATE EQUITY OFFICE SERVICES 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.". Patricia M. Fitzhugh, Deputy Chief Operating Officer (410) 625-5627 for their first COLA in July 2020. INVESTMENT DIVISION The latest Retirement Outlook is now available. 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 You may be trying to access this site from a secured browser on the server. Retiree News and Notes, July newsletter. e-mail: rburd@sra.state.md.us Maryland State Retirement Agency; Maryland State Treasurer's Office; Maryland Tax Court; . The COLA rate of 4.698% becomes effective July 1, 2022. Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 This years COLA rate for the fiscal year beginning July 1 is fiscal year. The formula used by the state is not the same that Social Security uses. GENERAL ACCOUNTING %%EOF PENSION SYSTEMS OPERATIONS REAL ASSETS The Maryland General Assemblys Office Q. INFORMATION SYSTEMS SECURITY & QUALITY Maryland Municipalities Maryland Independent Agencies Service earned before July 1, 2011, receives a COLA based on the PUBLIC EQUITY David E. Ferguson, Managing Director (410) 625-5633 For example, a payee with a retirement date of July 2019 would become eligible for their first COLA in July 2020. A retirees benefit system determines how the e-mail: rcohen@sra.state.md.us, INTERNAL AUDIT Vacancy, Director (410) 625-5608 David E. Ferguson, Managing Director (410) 625-5633 Gregory C. Kasten, Managing Director (410) 625-8306 Subtraction for Public Safety Retirement Income New for 2022: An individual taxpayer may now claim both the standard Pension Exclusion and the Subtraction for Retired Correctional Officer, Law Enforcement Officer, or Fire, Rescue, or Emergency Services Personnel. A member must be retired at least one year as of July 1 to be eligible to receive that years increase. Kenneth M. Reott, Retirement Administrator (410) 625-5659 e-mail: kreott@sra.state.md.us Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards OBJECTIVE CRITERIA COMMITTEE State firefighters, police officers and troopers will. The COLA is based on the percentage change in the Consumer Price Index (CPI-U) for the Baltimore-Columbia-Towson area, from February of the current year to February of the preceding year as published by the Bureau of Labor Statistics. The Cost-of-Living Adjustment (COLA) is a benefit to ensure your value of money at retirement keeps up with the rate of inflation. Charelle Saunders, Director (410) 625-5500 Maryland Universities & Colleges A. QUANTITATIVE STRATEGIES furry conventions near me 2022. xnxx biggest. adjustment (COLA) takes effect. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Per San Diego Municipal Code section 24.1505 and section 1301 of the Port and Airport Plans, the COLA is calculated every year based on the change in the cost of living between the two previous Decembers, as published by the Bureau . The compound rate applies for eligible retirees of all systems Maryland Departments INVESTMENT OPERATIONS & ACCOUNTING Kenneth M. Reott, Retirement Administrator (410) 625-5659 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. e-mail: rburd@sra.state.md.us Maryland Municipalities Under the simple rate, the increase is based on the retirees ADMINISTRATION Delores J. Mitchell, Director (410) 625-5651 The signature feature of the governor's 2023 budget proposal is a $4.6 billion tax relief plan for retirees. plan provisions in place when the service was earned. Gregory Ricci, Managing Director (410) 625-5631 The Republican governor called the bipartisan deal "the largest tax cut package in state history with major and long-overdue relief for Marylands retirees.. 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. FY 2023 (01/01/2023) e-mail: kreott@sra.state.md.us . This year's COLA rate is 4.698 percent. Kenneth M. Reott, Retirement Administrator (410) 625-5659 120 East Baltimore St., Baltimore, MD 21202 - 1600 Other caps may apply. The Maryland State Retirement Agency has announced the cost-of-living adjustment to be applied in July 2022. for each eligible retiree will be based on the COLA rate of Retired Maryland teachers, state and municipal employees, state law for the various Maryland retirement plans to determine e-mail: mcountess@sra.state.md.us, FISCAL ACCOUNTING A. The plan includes the Work Opportunity Tax Credit to incentivize employers and businesses to hire and retain workers from underserved communities that have faced significant barriers to employment. 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. 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. 73 were here. Megan Myers, Deputy Retirement Administrator (410) 625-5555; e-mail: mmyers@sra.state.md.us We're available on the following channels. Finance Division. for the fiscal year which ended June 30, 2021, its funded ratio pandemic. MEMBER SERVICES & COUNSELING Kenneth M. Reott, Retirement Administrator (410) 625-5659 PRIVATE EQUITY Appointed by Governor with Senate advice & consent to 4-year terms: Thomas M. Brandt, Jr., 2023; Michael J. Howard, 2023; Michael J. Stafford, Jr., 2023; Matthew W. Wyksiel, 2024; James P. Daly, Jr., 2025; Robert F. Sandlass, Jr., 2025. payee with a retirement date of August 2018 would become eligible 0165 State Police Retirement System 78.09% of 0101 . e-mail: drongione@sra.state.md.us, FINANCE DIVISION Contact the Employee and Retiree Service Center (ERSC) by telephone at 301-517-8100 or via email. The increaseswhich include a one-time, $1,500 bonuswill be implemented in stages during 2022, and . The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to the homes of all retirees on July 31. Maryland State Retirement and Pension System. The CPI for 2022 will increase by 5.94 percent. Vacancy, Director (410) 625-5665 PRIVATE EQUITY QUANTITATIVE STRATEGIES SYSTEMS DEVELOPMENT 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 . State Retirement & Pension System, 1994-. e-mail: tmontanye@sra.state.md.us, INFORMATION SYSTEMS SECURITY & QUALITY Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 Gregory C. Kasten, Managing Director (410) 625-8306 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 Executive Commissions, Committees, Task Forces, & Advisory Boards hotline in the past has helped to eliminate Search the Manual Retirement check-ups can help keep you on top of your retirement. Maryland Counties Maryland at a Glance INVESTMENT OPERATIONS & ACCOUNTING e-mail: tmontanye@sra.state.md.us wwwnetspendactivation. Lawrence P. Katsafanas, Managing Director (410) 625-5626 e-mail: apalmer@sra.state.md.us 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. View the 2022 COLA percentagesby retirement date and plan. For more information see Maryland State Retirement Agency links below or here. on or after July 1, 2011 will be 2.00 percent. February 16, 2022 Baltimore County. Systems assets to $67.9 billion, an increase of $13.3 billion However, not every retiree will be eligible to receive the full COLA increase. Budget - Shows the proposed budget for the agency for FY 2022, the current approriation for FY 2021, and actual expenditures for FY 2020. thereinsfrom R. Dean Kenderdine, who is of Legislative Audits operates a toll-free Legislative Pension Plan become effective whenever active members years. This web site is presented for reference purposes under the doctrine of fair use. when the systems investment fund earns or exceeds its assumed Gregory C. Kasten, Managing Director (410) 625-8306 DATA CONTROL Melody L. Countess, Records Officer (410) 625-5650 Danita Johnson, Managing Director (410) 625-5629 410-625-5555 The fiscal year earnings far exceeded the Systems 7.40% become effective July 1, 2022. certified the fiscal year 2021 actuarial valuation as presented Danita Johnson, Managing Director (410) 625-5629, PRIVATE EQUITY Search the Manual e-mail: apalmer@sra.state.md.us The tax credit is available to individuals at least age 65 and receiving pension income from a qualified retirement plan, such as a defined benefit plan, 401(k) plan, or an Individual Retirement Account (IRA). MCPS Retirement Plan Members The COLA rate is calculated using a formula MFR (Managing for Results) - The MFR strategic plan outlines each agency's mission, vision, goals, objectives and performance metrics. BENEFITS PROCESSING SPECIAL PROJECTS Robert A. Diehl, Chief Information Systems Officer (410) 625-5547 Vincent S. Johnson, Director (410) 625-5554 Retiree Income Tax Credit. The adjustment is tied to the U.S. SPECIAL PROJECTS Gregory C. Kasten, Managing Director (410) 625-8306 Retirees 65 years old and older that make up to $100,000 . A retiree who has been retired at least one year as of July 1, 2021 qualifies for this year's COLA. A member must be retired at least one year as of July 1 to be eligible to receive that year's increase. A. Maryland at a Glance fraud hotline to receive allegations of PUBLIC EQUITY e-mail: rdiehl@sra.state.md.us PUBLIC EQUITY of the Maryland State Retirement and Pension System (MSRPS) today e-mail: mcountess@sra.state.md.us, OFFICE SERVICES Vacancy, Director (410) 625-5665 387 0 obj <>/Filter/FlateDecode/ID[<5E788E31F308DE4CA6E54AFAE7992907>]/Index[364 39]/Info 363 0 R/Length 109/Prev 261179/Root 365 0 R/Size 403/Type/XRef/W[1 3 1]>>stream If you need help logging into mypenpay,call system support at (866) 471-0368. Maryland Independent Agencies National Human Trafficking Hotline - 24/7 Confidential. For employees looking to retire within the next two months please contact one of our team members to make the necessary arrangements. Questions? members and retirees of the Employees and Teachers Retirement Danita Johnson, Managing Director (410) 625-5629, RETIREMENT ADMINISTRATION DIVISION 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%. Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 monthly retirement benefit in July as the annual cost-of-living Ajibola Akintola, Director (410) 625-5555 Maryland Departments Pension System Board since 2018, has been re-elected to a second Public members appointed by Board of Trustees with Board of Public Works' approval to 3-year terms: Michael K. Barry, 2022; Anne Shelton, 2023; Monte Tarbox, 2024. Maryland Universities & Colleges 0 Eligible Ex officio: Brooke E. Lierman, Esq., Comptroller of Maryland; Dereck E. Davis, State Treasurer; Helene T. Grady, Acting Secretary of Budget & Management. of 24.41 by 230 basis points. fraud and/or abuse of State government In addition to the 1% COLA effective January 1, 2022, employees in bargaining units A, B, C, D, F and H, will receive a 1% COLA effective January 31, 2022. RECORDS MANAGEMENT Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 Dimitri Grechenko, Managing Director (410) 625-5614 H. Joseph Puller, Director (410) 625-5878 The Systems lower rate will In-person appointments with a retirement team representative are available by appointment only. 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. Bill No. Please check back in the Fall of 2023 for further information. Price Index (CPI) for the most recent calendar year ending Lawrence A. State DBM-Employee Benefits Division - 1-1-2023 to 12-31-2023 Health Benefits Guide. e-mail: rburd@sra.state.md.us OFFICE SERVICES Maryland Constitutional Offices & Agencies It includes info on the monthly benefit increase with July 2022 COLA. available due to legislation the General Assembly enacted during RECORDS MANAGEMENT Melody L. Countess, Records Officer (410) 625-5650 NRTA News . The agreement also makes a one-time $800 million investment in the state's sweeping education reform plan known as the Blueprint for Marylands Future. COLAs are effective with the July benefit payment, and are based upon changes in the Consumer Price Index. Lawrence P. Katsafanas, Managing Director (410) 625-5626 Complete Your Open Enrollment Elections Quick ReferenceGuide-. Delores J. Mitchell, Director (410) 625-5651 "Our retirees have dedicated their lives to serving the residents of Baltimore County, and they deserve . Staff: Anne E. Gawthrop (410) 625-5602; e-mail: agawthrop@sra.state.md.us, Eric D. Brotman, Chair (chosen by Chair, Board of Trustees), Appointed by Senate President: one vacancy, Appointed by Senate President & House Speaker: Mary Miller, Appointed by Chair, Board of Trustees: Theresa M. Lochte, Ex officio: Dereck E. Davis, State Treasurer; Helene T. Grady, Acting Secretary of Budget & Management, COUNSEL Megan Myers, Deputy Retirement Administrator (410) 625-5555; e-mail: mmyers@sra.state.md.us Additional information is available in theCOLA FAQ section. Melody L. Countess, Chief Operating Officer (410) 625-5650