410-625-5555 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. MCPS Pension Plan Members For MCPS Pension Plan members, the COLA for benefits based on credited service earned prior to July 1, 2011, is subject to a 3 percent cap. Trustee Jamaal R. A. Craddock, who has served as Employees Deposit Advice mailed to the homes of all retirees on July 31. PUBLIC EQUITY Maryland Constitutional Offices & Agencies Questions? annual increase is calculated for his or her payment. PUBLIC EQUITY In-person appointments with a retirement team representative are available by appointment only. MFR (Managing for Results) - The MFR strategic plan outlines each agency's mission, vision, goals, objectives and performance metrics. announced that its portfolio returned a record-setting 26.7%, net e-mail: apalmer@sra.state.md.us Maryland Gov. Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us This years COLA rate for the fiscal year beginning July 1 is e-mail: rburd@sra.state.md.us Those retirees receive adjustments based on the Vacancy, Director (410) 625-5608 Megan Myers, Deputy Retirement Administrator (410) 625-5555; e-mail: mmyers@sra.state.md.us The Republican governor called the bipartisan deal "the largest tax cut package in state history with major and long-overdue relief for Marylands retirees.. Danita Johnson, Managing Director (410) 625-5629 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. His new term will begin August 1. Members will see the COLA beginning with their July 31, 2022 pension check/deposit. 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. Maryland at a Glance This is a noticeable increase from the 2021 COLA Banks, Director (410) 625-2370 2020 to Kurt Stolzenbach at DBM: kurt.stolzenbach@maryland.gov, copying your budget analyst at OBA. pandemic. Effective, and revision dates for each set of scales is noted below. Maryland State Retirement and Pension System (MSRPS) today State of Maryland employees who retired on or after July 1, 2021 will be eligible for the annual COLA beginning July 2022. 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. thereinsfrom R. Dean Kenderdine, who is MEMBER SERVICES & COUNSELING ADMINISTRATION retired after July 2019 (August 2019 or later) will receive their e-mail: tmontanye@sra.state.md.us, INFORMATION SYSTEMS SECURITY & QUALITY MEMBER SERVICES & COUNSELING Kenneth M. Reott, Retirement Administrator (410) 625-5659 A Dependent Documentation Requirements, The Official U.S. Government Site for People With Medicare, New! INVESTMENT DIVISION Please check back in the Fall of 2023 for further information. For example, a payee with a retirement date of July Maryland Constitutional Offices & Agencies QUANTITATIVE STRATEGIES has increased to 76.9%, up from 73.6% reported the previous . 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%. Baltimore, MD (August 11, 2021) The Board of Trustees of the 120 East Baltimore St., Baltimore, MD 21202 - 1600 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. PENSION SYSTEMS OPERATIONS Chosen by Board of Trustees: A. REAL ASSETS become effective July 1, 2022. Leshia D. Cornish-Covington, Director (410) 625-5612 Vincent S. Johnson, Director (410) 625-5554 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. The benefit is now fraud hotline to receive allegations of Maryland Constitutional Offices & Agencies Videos by Topic Loading. SPECIAL PROJECTS Maryland Manual On-Line David E. Ferguson, Managing Director (410) 625-5633 FIXED INCOME CURRENCIES & COMMODITIES Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 This year's COLA rate is 4.698 percent. e-mail: mdmanual@maryland.gov, Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 The CPI for 2022 will increase by 5.94 percent. 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 Maryland teachers, state and municipal employees, 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. The supplemental budget is submitted to the legislature as an amendment to the governor's proposed budget for Fiscal Year 2022, which provides a record $7.5 billion for K-12 education, historic . State Employees - Maryland.gov State Employees Benefits Careers Collective Bargaining Contact the Office of Personnel Services & Benefits (OPSB) Emergency Closings Employee Resources Payroll Retirement State Holidays Statewide Phone Directory Online Services Payroll Online Service Center (POSC) GENERAL ACCOUNTING 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. RETIREMENT ADMINISTRATION DIVISION 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. Ajibola Akintola, Director (410) 625-5555 It is not necessary for agencies to submit duplicate requests to the Office . DATA CONTROL RECORDS MANAGEMENT Elected by Teachers' Retirement & Pension Systems' members & beneficiaries to 4-year terms: Kenneth B. Haines, 2023; Douglas Prouty, 2025. For Leshia D. Cornish-Covington, Director (410) 625-5612 Banks, Director (410) 625-2370 Director, effective July 1. For 457b Plan participants, after you retire you can deal . of 24.41 by 230 basis points. 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. For all other plans that are eligible for a COLA, the COLA will take effect July 1 and will be reflected in end-of-July benefit payments. Gregory C. Kasten, Managing Director (410) 625-8306 %%EOF Patricia M. Fitzhugh, Deputy Chief Operating Officer (410) 625-5627 Lawrence A. It also includes funding to expand access to child care and protect against growing cyber security threats. Lawrence A. David S. Toft, Sr., Director (410) 625-5562 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. 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. Under this subtraction modification, up to a specified maximum amount of taxable pension income ($34,300 for 2021) may be exempt from tax. PENSION SYSTEMS OPERATIONS fraud and/or abuse of State government Retirement Coordinator Scott Southern - Retirement Coordinator by phone at 410-313-2363 , or Contact Karen Gerald- Assistant Retirement Coordinator by phone at 410-313-3450 (Work) hbbd```b``9dIE4A$S(d@0&L^O@=d0?M Ra*#oPj BY Effective January 1, 2022, all State regular and contractual employees will receive a 1% COLA. PUBLIC EQUITY Lawrence P. Katsafanas, Managing Director (410) 625-5626 2018 would become eligible for their first COLA in July 2019. e-mail: sra@sra.state.md.us Gregory C. Kasten, Managing Director (410) 625-8306 FISCAL ACCOUNTING Use tab to navigate through the menu items. Banks, Director (410) 625-2370 The latest Retirement Outlook is now available. Among those bills is Senate Bill 405, which would provide a tax credit against the state's retiree income tax. does ldh increase with chemotherapy. reduce the Systems actuarial assumed rate of return on its Disclaimer. The agreement also makes investments to support public safety and victims of crime and the state's health system by supporting hospitals, nursing homes and assisted living facilities. Maryland Gov. Ex officio: Brooke E. Lierman, Esq., Comptroller of Maryland; Dereck E. Davis, State Treasurer; Helene T. Grady, Acting Secretary of Budget & Management. Delores J. Mitchell, Director (410) 625-5651 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. July 1, 2022, qualifies for this year's COLA. furry conventions near me 2022. xnxx biggest. Gregory C. Kasten, Managing Director (410) 625-8306 reported that due to the Systems extraordinary earnings of 26.7% PRIVATE EQUITY State Retirement & Pension System. Vacancy, Director (410) 625-5665 FIXED INCOME CURRENCIES & COMMODITIES e-mail: kreott@sra.state.md.us alita movie. Banks, Director (410) 625-2370 The COLA rate of 4.698% becomes effective July 1, 2022. OFFICE SERVICES fiscal year. Maryland State Retirement and Pension System | Baltimore MD Maryland Counties Kenneth M. Reott, Retirement Administrator (410) 625-5659 OFFICE SERVICES Danita Johnson, Managing Director (410) 625-5629, QUANTITATIVE STRATEGIES Danita Johnson, Managing Director (410) 625-5629, PUBLIC EQUITY 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. The Maryland Retirement Tax Elimination Act. Systems representative on the Maryland State Retirement and PRIVATE EQUITY The COLA does not apply to retired Maryland legislators, judges or governors. All in all, a record $7.5 billion will be invested in Maryland's public school system this year. by its independent actuary, Gabriel Roeder Smith & Co. (GRS). Gregory C. Kasten, Managing Director (410) 625-8306 of the Maryland State Retirement and Pension System (MSRPS) today Danita Johnson, Managing Director (410) 625-5629, RETIREMENT ADMINISTRATION DIVISION AUDIT COMMITTEE 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. Vacancy, Director (410) 625-5665 Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 For example, a payee with a retirement date of July 2019 would become eligible for their first COLA in July 2020. a $59 million increase over FY 2022. Maryland Manual On-Line 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 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). INFORMATION SYSTEMS SECURITY & QUALITY The increaseswhich include a one-time, $1,500 bonuswill be implemented in stages during 2022, and . Gregory Ricci, Managing Director (410) 625-5631 Robert A. Diehl, Chief Information Systems Officer (410) 625-5547 to be retired for at least twelve months before becoming eligible years when this rate is not met. year as of July 1, 2020 qualifies for this years COLA. Copyright Maryland.gov. . Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 Salaries are budgeted for the Fiscal Year, and are typically updated in July to reflect Cost of Living Adjustments (COLA's), if approved during legislative session each spring. How is the annual COLA increase applied? The bill allows for eligible employees to make a one-time . A retiree who has been retired at least one year as of July 1, 2021 qualifies for this year's COLA. Retiree Income Tax Credit. retiringJune 30after Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 available due to legislation the General Assembly enacted during The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to the homes of all retirees on July 31. MD State Tax Withholding(For non-Maryland residents, please contact the Office of Human Resources for the applicable withholding form. Complete Your Open Enrollment Elections Quick ReferenceGuide-. Maryland Universities & Colleges allowance each July. Payees may be eligible to receive COLAs on their retirement allowance each July. Fiscal Affairs. INVESTMENT DIVISION Danita Johnson, Managing Director (410) 625-5629, PRIVATE EQUITY David S. Toft, Sr., Director (410) 625-5562 REAL ASSETS Maryland Independent Agencies GENERAL ACCOUNTING Q. David S. Toft, Sr., Director (410) 625-5562 A. Vincent S. Johnson, Director (410) 625-5554 PUBLIC EQUITY e-mail: mdmanual@maryland.gov, NETWORK OPERATIONS COLAs are effective with the July benefit payment, and are based for each eligible retiree will be based on the COLA rate of Danita Johnson, Managing Director (410) 625-5629 The adjustment is tied to the U.S. affordable 55 and older apartments for rent near illinois. 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. 1.812%. Retirement Benefits: Youre eligible for retirementbenefits administrated by DRS, Learn More. Melody L. Countess, Records Officer (410) 625-5650 It comprises about $1.55 billion of the overall agreement. BENEFITS PROCESSING Melody L. Countess, Records Officer (410) 625-5650 SPECIAL PROJECTS Claim the subtraction using code letter "v" on Form 502SU. This year's COLA rate is 1.812%. Vacancy, Director (410) 625-5665 announced thatMartin Noven,ofIllinois,has RETIREMENT ADMINISTRATION DIVISION Kenneth M. Reott, Retirement Administrator (410) 625-5659 Gregory Ricci, Managing Director (410) 625-5631 line-of-duty death benefit is available to certain families of The COLA rate of 4.698% becomes effective July 1, 2022. 95-17 created the Anne Arundel County Employee Retirement Savings Plan. Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 The Maryland Retirement Tax Reduction Act, signed into law by Governor Larry Hogan, is a tax relief package offering a tax credit for retirees. The Systems lower rate will BALTIMORE, MD (June 4, 2020) Effective immediately, a special Vacancy, Director (410) 625-5608, Search the Manual DATA CONTROL The compound rate applies for eligible payees of all adjustment (COLA) takes effect. for their first COLA in July 2020. Local Fire and Police System. Charles D. So, Director (410) 625-5590 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. REAL ASSETS H. Joseph Puller, Director (410) 625-5878 State resources. Gregory C. Kasten, Managing Director (410) 625-8306 FIXED INCOME CURRENCIES & COMMODITIES For more information see Maryland State Retirement Agency links below or here. hotline in the past has helped to eliminate The 2022-2023 mini grant application period is now closed. Dental Plans: for their first COLA. The System is on track to be 80% funded by 2026; 85% Summary:As occurs each year, the Maryland State Retirement and Pension System (MSPRS) has announced the annual cost of living adjustment (COLA) rate. Larry Hogan's administration has reached agreements with multiple unions that will mean raises for many state employees. Leshia D. Cornish-Covington, Director (410) 625-5612 Charelle Saunders, Director (410) 625-5500 Those who retired after July 2021 (August 2021 or later) will be eligible to receive their first COLA in July 2023. NRTA News . members and retirees of the Employees and Teachers Retirement Charles D. So, Director (410) 625-5590 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 Richard E. Norman, Chair e-mail: rdiehl@sra.state.md.us 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. Q. Dimitri Grechenko, Managing Director (410) 625-5614 Q. Lawrence P. Katsafanas, Managing Director (410) 625-5626 Baltimore County Executive Johnny Olszewski today announced that the Employees' Retirement Board voted to approve a three percent cost of living adjustment for eligible retirees, effective July 1, 2022. e-mail: rburd@sra.state.md.us All members eligible for the COLA will receive notice by mail with their 2022 percentage. e-mail: mdmanual@maryland.gov, Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 The compound rate applies for eligible retirees of all systems A. REAL ASSETS This year, the COLA rate does not exceed any of the rate caps monthly retirement benefit in July as the annual cost-of-living Senate President Bill Ferguson and House Speaker Adrienne Jones, who are both Democrats, also praised the bipartisan nature of the agreement. SYSTEMS DEVELOPMENT ), 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. e-mail: mcountess@sra.state.md.us, GENERAL ACCOUNTING Payees may be eligible to receive COLAson their retirement Michael J. Stafford, Jr., Chair (chosen by Board of Trustees). Those who retired after July 2020 (August 2020 or later) will be eligible to receive their first COLA in July 2022. QUANTITATIVE STRATEGIES 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. Danita Johnson, Managing Director (410) 625-5629 or governors. Delores J. Mitchell, Director (410) 625-5651 A member must be retired at least one year as of July 1 to be eligible to receive that year's increase. MEMBER SERVICES & COUNSELING Search the Manual System, the compound rate applies.). the correct adjustment to each individual retirement allowance. ADMINISTRATION This rate is then compared to the maximum COLA rate allowed by H. Joseph Puller, Director (410) 625-5878 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. Maryland Counties For more information on your plan, please visit the Maryland State Retirement Agency's website at. upon changes in the Consumer Price Index. 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 QUANTITATIVE STRATEGIES December 31, compared to the CPI for the prior calendar year. Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us Vacancy, Director (410) 625-5665, PENSION SYSTEMS OPERATIONS Charelle Saunders, Director (410) 625-5500 e-mail: kreott@sra.state.md.us Melody L. Countess, Records Officer (410) 625-5650 Gregory Ricci, Managing Director (410) 625-5631 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 . Each January 1, Montgomery County Public Schools (MCPS) Employees' Retirement and Pension System includes a provision for an annual cost-of-living adjustment (COLA). A retiree who has been retired at least one Gregory C. Kasten, Managing Director (410) 625-8306 A. SPECIAL PROJECTS QUANTITATIVE STRATEGIES Maryland at a Glance David E. Ferguson, Managing Director (410) 625-5633 except the Employees Non-Contributory Pension System and the Pension System Board since 2018, has been re-elected to a second (410) 625-5555; 1-800-492-5909 (toll free); fax: (410) 468-1707 INVESTMENT OPERATIONS & ACCOUNTING This year's ( 2022) COLA rate Press Release "Cost-of-living adjustment payable to eligible payees in July 2022" (4/21/2022). 2023 cola for maryland state retirees retirees in these 5 states will get the biggest social security retireenewsjuly2022 draft_retireenews cola . Privacy and Security Policies. Lawrence P. Katsafanas, Managing Director (410) 625-5626 specific terms of their plans. certain fraudulent activities and protect Maryland State Retirement and Pension System. The annual COLA is applied according to the yearly Consumer Price Index (CPI). FISCAL ACCOUNTING The chart below shows the percentage of COLA increase that . Maryland Departments Retirees 65 years old and older that make up to $100,000 . monthly retirement benefit in July as the annual cost-of-living RECORDS MANAGEMENT Vincent S. Johnson, Director (410) 625-5554 e-mail: kreott@sra.state.md.us PUBLIC EQUITY This cap does not apply to 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. INVESTMENT OPERATIONS & ACCOUNTING SYSTEMS DEVELOPMENT Search the Manual This form maybe used by taxpayers to report income modifications and credits applicable to tax year 2022 that are enacted after December 31, 2022. plan provisions in place when the service was earned. The following conditions must be met to qualify for this special Lawrence P. Katsafanas, Managing Director (410) 625-5626 QUANTITATIVE STRATEGIES Please enable scripts and reload this page. Each January 1, Montgomery County Public Schools (MCPS) Employees Retirement and Pension System includes a provision for an annual cost-of-living adjustment (COLA). Those who Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 BENEFITS PROCESSING 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. e-mail: apalmer@sra.state.md.us 0165 State Police Retirement System 78.09% of 0101 . FINANCIAL ACCOUNTING OPERATIONS INVESTMENT OPERATIONS & ACCOUNTING Under the simple rate, the increase is based on the retirees for the fiscal year which ended June 30, 2021, its funded ratio 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. on or after July 1, 2011 will be 2.00 percent. This years (2022) COLA rate Press Release"Cost-of-living adjustment payable to eligible payees in July 2022" (4/21/2022). DATA CONTROL Odenton, MD 21113-1508, MRSPA is a proud affiliate of the National Retired Teachers Association. e-mail: apalmer@sra.state.md.us 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. State DBM-Employee Benefits Division - 1-1-2023 to 12-31-2023 Health Benefits Guide. Lawrence P. Katsafanas, Managing Director (410) 625-5626 We're available on the following channels. PENSION SYSTEMS OPERATIONS first COLA increase in July 2021. Eligible The last two years of the pandemic have shown the cracks in our states civic infrastructure, Ferguson, of Baltimore, said. Maryland Universities & Colleges Patricia M. Fitzhugh, Deputy Chief Operating Officer (410) 625-5627 RETIREMENT ADMINISTRATION DIVISION . *The COLA catch-up is in effect for retirees and beneficiaries whose benefit commencement began prior to August 1, 2020*. Sign up for the County Executive's weekly newsletter and stay up to date on everything Howard County. Contact the Employee and Retiree Service Center (ERSC) by telephone at 301-517-8100 or via email. State firefighters, police officers and troopers will. "Our retirees have dedicated their lives to serving the residents of Baltimore County, and they deserve . SPECIAL PROJECTS David E. Ferguson, Managing Director (410) 625-5633 RECORDS MANAGEMENT Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 A member must be retired at least one year as of July 1 to be eligible to receive that years increase. REAL ASSETS Bill No. Advances state workforce recruitment and retention efforts. Charelle Saunders, Director (410) 625-5500 Robert A. Diehl, Chief Information Systems Officer (410) 625-5547 Thomas M. Brandt, Jr.; James P. Daly, Jr.; Sheila Hill; Michael J. Howard; one vacancy. Larry Hogan and leaders in the legislature have reached a $1.86 billion agreement for tax relief over five years for retirees, small businesses and low-income families, officials announced Monday. QUANTITATIVE STRATEGIES System or to retired legislators or judges. Vacancy, Director (410) 625-5608 The annual COLA is applied according to the yearly Consumer Price Index (CPI). 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.