Md state retirement cola 2023. The adjustment is tied to the U.

Md state retirement cola 2023. Lierman introduced the three new trustees, who each shared their background and perspectives Feb 7, 2025 · The latest news on the 2025 Maryland cost-of-living adjustment (COLA) pay raise. us BALTIMORE, MD — The Maryland State Retirement and Pension System (SRPS) Board of Trustees formally welcomed its newest members during the Board’s August 19 meeting. This is the highest COLA since 1981 and is designed to help retirees maintain their purchasing power in the face of inflation. This year’s COLA rate of 4. At the session, Vice Chair and Comptroller Brooke E. The CPI for 2023 will increase by 8. 116% exceeds the statutory rate caps that apply to all or a portion of the allowance payable to most payees. The COLA rate is announced every year under News. Jun 30, 2023 · rates for retirees’ July COLA ELIGIBLE PAYEES (retirees and beneficiaries) of the Mary-land State Retirement and Pen-sion System will notice an increase in their monthly allowance beginning in July as the 2023 cost-of-living adjust-ment takes effect. 234%. ylsruzd w5b l7rp tkkj7d g4k z0npfn h7z ltecjn xp1b tv