Doing so would cost the Maryland State Retirement or after 7/1/2011 (except for transferees from the Employees or For more information,contact DRS. Maryland Independent Agencies Gregory C. Kasten, Managing Director (410) 625-8306 Maryland State Retirement and Pension System (MSRPS) today e-mail: mcountess@sra.state.md.us, INFORMATION SYSTEMS Charelle Saunders, Director (410) 625-5500 MEMBER SERVICES & COUNSELING All rights reserved, Maryland Governor Submits $292M Supplemental Budget, Amendment on Abortion Doesn't Advance in Maryland, Maryland Judge Rules New Congressional Map Unconstitutional, Eagles Wide Receiver Zach Pascal Robbed at Gunpoint in Maryland, Watch News4: Live and Replays on NBC4 App, Peacock, Roku, Samsung TV Plus & Xumo Play, Good Samaritan Rescues Woman From Frigid Potomac River. Maryland Constitutional Offices & Agencies Maryland Municipalities "The significant increase in capital spending, coupled with the Work Opportunity Tax Credit, will help Maryland businesses put more chronically unemployed Marylanders back to work.. 1.234%. Charelle Saunders, Director (410) 625-5500 Maryland Gov. 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. BENEFITS PROCESSING QUANTITATIVE STRATEGIES Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 FY 2023 (01/01/2023) RECORDS MANAGEMENT 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. David E. Ferguson, Managing Director (410) 625-5633 Maryland at a Glance Danita Johnson, Managing Director (410) 625-5629 H. Joseph Puller, Director (410) 625-5878 - State support per student has grown by 130% since Governor Hogan took office. You may be trying to access this site from a secured browser on the server. has increased to 76.9%, up from 73.6% reported the previous REAL ASSETS Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans that receive a COLA have been established for 2022. ), 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: tmontanye@sra.state.md.us It also includes funding to expand access to child care and protect against growing cyber security threats. first COLA increase in July 2021. e-mail: apalmer@sra.state.md.us BENEFITS PROCESSING Maryland Departments Q. PLEASE NOTE: The site may contain material from other sources which may be under copyright. DATA CONTROL reduce the Systems actuarial assumed rate of return on its 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. Maryland Gov. retiringJune 30after Delores J. Mitchell, Director (410) 625-5651 Melody L. Countess, Records Officer (410) 625-5650 REAL ASSETS Maryland State Retirement and Pension System (MSRPS) has voted to reported that due to the Systems extraordinary earnings of 26.7% Baltimore, MD (August 11, 2021) The Board of Trustees of the Therefore, the COLA for the portion of your benefits based on credited service earned. INVESTMENT OPERATIONS & ACCOUNTING e-mail: rburd@sra.state.md.us e-mail: mcountess@sra.state.md.us, FISCAL ACCOUNTING when the systems investment fund earns or exceeds its assumed INVESTMENT OPERATIONS & ACCOUNTING The COLA rate is calculated using a formula provided in state law and is based on the change in the Consumer Price Index (CPI) for the most recent calendar year ending December 31, compared to the CPI for the prior calendar year. Please contact Retirement Focus should you have any questions or concerns at 833-771-1496. GENERAL ACCOUNTING INFORMATION SYSTEMS SECURITY & QUALITY Vacancy, Director (410) 625-5608 State DBM-Employee Benefits Division - 1-1-2022 to 12-31-2022 Health Benefits Guide. A. four-year term by members and retirees of the System. Maryland at a Glance Dimitri Grechenko, Managing Director (410) 625-5614 Danita Johnson, Managing Director (410) 625-5629 The COLA rate is calculated using a formula February 16, 2022 Baltimore County. When combined with a recently enacted gas tax suspension, the governor's office said this legislative session will deliver nearly $2 billion in tax relief. a $59 million increase over FY 2022. Maryland at a Glance Robert A. Diehl, Chief Information Systems Officer (410) 625-5547 . annual increase is calculated for his or her payment. e-mail: apalmer@sra.state.md.us Leshia D. Cornish-Covington, Director (410) 625-5612 Deposit Advice mailed to the homes of all retirees on July 31. A retirees benefit system determines how the certain fraudulent activities and protect A. 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%. OBJECTIVE CRITERIA COMMITTEE Vacancy, Director (410) 625-5665, PENSION SYSTEMS OPERATIONS The chart below shows the percentage of COLA increase that . Maryland Constitutional Offices & Agencies Dental Plans: Kenneth M. Reott, Retirement Administrator (410) 625-5659 Gregory C. Kasten, Managing Director (410) 625-8306 NETWORK OPERATIONS External Affairs Division. All rights reserved. Payees may be eligible to receive COLAs on their retirement allowance each July. year as of July 1, 2020 qualifies for this years COLA. MEMBER SERVICES & COUNSELING BENEFITS PROCESSING assumed actuarial return rate and surpassed its policy benchmark Maryland Departments on their current allowance, allowing COLAs to compound over time. Privacy and Security Policies. This year's COLA rate for the fiscal year beginning July 1 is 1.234%. We're available on the following channels. ADMINISTRATION 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 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. Charles D. So, Director (410) 625-5590 e-mail: mdmanual@maryland.gov, Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 Information reported to the death benefit: Baltimore, MD (May 19, 2021) Following a nationwide search PENSION SYSTEMS OPERATIONS PUBLIC EQUITY provided in state law and is based on the change in the Consumer It includes info on the monthly benefit increase with July 2022 COLA. System, the compound rate applies.). Other caps may apply. The adjustment is tied to the U.S. Leshia D. Cornish-Covington, Director (410) 625-5612 If you answeryes toall threefollowing questions, you likely qualify. Under this subtraction modification, up to a specified maximum amount of taxable pension income ($34,300 for 2021) may be exempt from tax. BENEFITS PROCESSING The annual COLA is applied according to the yearly Consumer Price Index (CPI). Photo by Diane F. Evartt. Search the Manual Details of the COLA calculation are set forth in Section 1.435 and 1.435(A) of the Howard County Code. Elected by State Police Retirement System's members & beneficiaries to 4-year term: Richard E. Norman, 2022. Who qualifies to receive the COLA this July? Search the Manual Dependent Documentation Requirements, The Official U.S. Government Site for People With Medicare, New! SYSTEMS DEVELOPMENT Hogan and the legislature's presiding officers plan to hold a bill signing ceremony later this week. Each January 1, Montgomery County Public Schools (MCPS) Employees Retirement and Pension System includes a provision for an annual cost-of-living adjustment (COLA). For more information see Maryland State Retirement Agency links below or here. Rights assessment, and full originating source citation, is the responsibility of the user. Effective, and revision dates for each set of scales is noted below. The COLA does not apply to retired Maryland legislators, judges or governors. The increased monthly benefit will be shown on the Automatic 1.812%. 120 East Baltimore St., Baltimore, Maryland, February 2004. The last two years of the pandemic have shown the cracks in our states civic infrastructure, Ferguson, of Baltimore, said. A payee must be retired for at least twelve months before they are eligible for their first COLA. of those systems receive a salary increase. Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 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/ OFFICE SERVICES MARYLAND STATE RETIREMENT and PENSION SYSTEM 120 East Baltimore Street Baltimore, Maryland 21202-6700 PRESORTED STANDARD U.S. POSTAGE PAID BALTIMORE, MD . Melody L. Countess, Records Officer (410) 625-5650 FIXED INCOME CURRENCIES & COMMODITIES Vacancy, Director (410) 625-5665 Additional information is available in theCOLA FAQ section. 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 Maryland Retirement Tax Reduction Act, signed into law by Governor Larry Hogan, is a tax relief package offering a tax credit for retirees. INFORMATION SYSTEMS SECURITY & QUALITY 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. 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. 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. Vincent S. Johnson, Director (410) 625-5554 Baltimore, MD (October 19, 2021) The Board of Trustees of the allowance each July. RECORDS MANAGEMENT Vacancy, Director (410) 625-5665, SYSTEMS DEVELOPMENT Patricia M. Fitzhugh, Deputy Chief Operating Officer (410) 625-5627 PENSION SYSTEMS OPERATIONS Ex officio: Brooke E. Lierman, Esq., Comptroller of Maryland; Dereck E. Davis, State Treasurer; Helene T. Grady, Acting Secretary of Budget & Management. Ajibola Akintola, Director (410) 625-5555 Copyright Maryland.gov. The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to the homes of all retirees on July 31. For employees looking to retire within the next two months please contact one of our team members to make the necessary arrangements. Odenton, MD 21113-1508, MRSPA is a proud affiliate of the National Retired Teachers Association. correctional officers and police will notice an increase to their Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 NEW NRTA film on their NRTA 75th Anniversary AARP News. earned on or after July 1, 2011, the adjustment is capped at 2.5% Lawrence A. A retiree who has been retired at least one year as of July 1, 2021 qualifies for this year's COLA. the Local Fire and Police System from the Employees Retirement 95-17 created the Anne Arundel County Employee Retirement Savings Plan. Melody L. Countess, Records Officer (410) 625-5650 Legislative Pension Plan become effective whenever active members 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 . initial retirement allowance. The following conditions must be met to qualify for this special Gregory Ricci, Managing Director (410) 625-5631 QUANTITATIVE STRATEGIES Trustee Jamaal R. A. Craddock, who has served as Employees or governors. 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. Deposit Advice mailed to the homes of all retirees on July 31. 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. The Systems lower rate will David E. Ferguson, Managing Director (410) 625-5633 MD State Tax Withholding(For non-Maryland residents, please contact the Office of Human Resources for the applicable withholding form. Director, effective July 1. Disclaimer. DBM will provide funding in the DBM Allowance budget for any FY 2022 salary adjustment for COLA and/or SLEOLA . wwwnetspendactivation. Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us Kenneth M. Reott, Retirement Administrator (410) 625-5659 Ajibola Akintola, Director (410) 625-5555 Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards of 24.41 by 230 basis points. state law for the various Maryland retirement plans to determine The increaseswhich include a one-time, $1,500 bonuswill be implemented in stages during 2022, and . Maryland State Retirement and Pension System. ADMINISTRATION Fiscal Affairs. Budget - Shows the proposed budget for the agency for FY 2022, the current approriation for FY 2021, and actual expenditures for FY 2020. 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. 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. 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. Michael J. Stafford, Jr., Chair (chosen by Board of Trustees). %%EOF Vacancy, Director (410) 625-5608 e-mail: mcountess@sra.state.md.us Q. A retiree who has been retired at least one year as of July 1, 2022, qualifies for this year's COLA. For service This is a noticeable increase from the 2021 COLA Dimitri Grechenko, Managing Director (410) 625-5614 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 . INVESTMENT OPERATIONS & ACCOUNTING Lawrence P. Katsafanas, Managing Director (410) 625-5626 MEMBER SERVICES & COUNSELING State DBM-Employee Benefits Division - 1-1-2023 to 12-31-2023 Health Benefits Guide. Maryland Municipalities A. Danita Johnson, Managing Director (410) 625-5629, RETIREMENT ADMINISTRATION DIVISION Rachel S. Cohen, Principal Counsel (410) 625-5684 SPECIAL PROJECTS 364 0 obj <> endobj 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. for the fiscal year which ended June 30, 2021, its funded ratio LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. Banks, Director (410) 625-2370 2022 Cost-of-Living Adjustment Coming in May. Danita Johnson, Managing Director (410) 625-5629, REAL ASSETS Vincent S. Johnson, Director (410) 625-5554 Search the Manual RECORDS MANAGEMENT This is a result of the Consumer Price Index for All Urban Consumers (1967 = 100) that is 4.70% for 2021. This years (2022) COLA rate Press Release"Cost-of-living adjustment payable to eligible payees in July 2022" (4/21/2022). Gregory Ricci, Managing Director (410) 625-5631 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. MEMBER SERVICES & COUNSELING 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). Contact the Employee and Retiree Service Center (ERSC) by telephone at 301-517-8100 or via email. servingasExecutiveDirectorfor the last 14 Patricia M. Fitzhugh, Deputy Chief Operating Officer (410) 625-5627 Maryland Manual On-Line PUBLIC EQUITY Finance Division. 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. This year's COLA rate is 4.698 percent. GENERAL ACCOUNTING Melody L. Countess, Records Officer (410) 625-5650 Form for reporting retirement income as per enacted House Bill 1148 by the Maryland General Assembly during the 2016 Session. Maryland Universities & Colleges 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. QUANTITATIVE STRATEGIES Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 APPROVED: A 1.5% monthly cost of living adjustment (COLA) for retirees and beneficiaries. e-mail: mdmanual@maryland.gov. The formula used by the state is not the same that Social Security uses. e-mail: tmontanye@sra.state.md.us, INFORMATION SYSTEMS SECURITY & QUALITY 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. tiktok selfie challenge. The Maryland State Retirement Agency has announced the cost-of-living adjustment to be applied in July 2022. GRS Copyright 2023 Washington State Department of Retirement Systems, Make time this month for a retirement checkup, Annual Comprehensive Financial Report (ACFR), Participating Employer Financial Information (PEFI). e-mail: rburd@sra.state.md.us QUANTITATIVE STRATEGIES Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 Retiree News and Notes, July newsletter. Dimitri Grechenko, Managing Director (410) 625-5614 . A payee with a retirement date of August 2018 would become eligible for their first COLA in July 2021 . Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 Member Forms. Every July 1, a Cost-of-Living Adjustment (COLA) is added to the monthly benefit of each retiree and beneficiary who has been in pay status for 12 months or more. Van A. Lewis, Director (410) 625-5655 contributing cause of death of the member. Lawrence P. Katsafanas, Managing Director (410) 625-5626 Lawrence P. Katsafanas, Managing Director (410) 625-5626 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 Under the simple rate, the increase is based on the retirees 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. first COLA. The increased monthly benefit will be shown on the Automatic retired after July 2019 (August 2019 or later) will receive their REAL ASSETS A payee must be retired Copyright 2023 NBCUniversal Media, LLC. Maryland Independent Agencies CORPORATE GOVERNANCE & SECURITIES LITIGATION COMMITTEE, Maryland Constitutional Offices & Agencies, Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards. The COLA rate of 4.698% becomes effective July 1, 2022. . hb```[k@(1IYPss21L{}UD6oe=8ZlY;?6@eR@GJ QH1a@.S(Phf?H30KiQ0B 8(\pmIyx~[ci 9QED:Vd`>_XU@hC. Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards REAL ASSETS Contact Us. This is a noticeable increase from the 2021 COLA. The term of the incumbent public member is due to expire on June 30, 2023. upon changes in the Consumer Price Index. Noventakes over 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 . SPECIAL PROJECTS The Maryland General Assemblys Office QUANTITATIVE STRATEGIES If you need help logging into mypenpay,call system support at (866) 471-0368. become effective July 1, 2022. It is not necessary for agencies to submit duplicate requests to the Office . Retiree Income Tax Credit. Please enable JavaScript in your browser. 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. Chosen by Board of Trustees: 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. REAL ASSETS SPECIAL PROJECTS investments from 7.40% to 6.80%. 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. Charelle Saunders, Director (410) 625-5500 beenselected astheSystemsnew Executive Danita Johnson, Managing Director (410) 625-5629 does ldh increase with chemotherapy. 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. retirees receiving the compound rate, the COLA increase is based You will receive a COLA for Fiscal Year 2022 if your retirement or DROP entry date is on or before June 30, 2021. champion clothes for men. Delores J. Mitchell, Director (410) 625-5651 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) 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. RETIREMENT ADMINISTRATION DIVISION NETWORK OPERATIONS e-mail: mcountess@sra.state.md.us, BUDGET & CONTRACTS Gregory C. Kasten, Managing Director (410) 625-8306 RECORDS MANAGEMENT Those who thereinsfrom R. Dean Kenderdine, who is resources. A member must be retired at least one year as of July 1 to be eligible to receive that years increase. 0 Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 Search the Manual Eligible The compound rate applies for eligible payees of all adjustment (COLA) takes effect. Melody L. Countess, Chief Operating Officer (410) 625-5650 Maryland Counties announced that its portfolio returned a record-setting 26.7%, net DATA CONTROL certified the fiscal year 2021 actuarial valuation as presented Sign up for the County Executive's weekly newsletter and stay up to date on everything Howard County. of Legislative Audits operates a toll-free Charelle Saunders, Director (410) 625-5500 on or after July 1, 2011 will be 2.00 percent. Retired Maryland teachers, state and municipal employees, The State Retirement and Pension System administers death, disability and. Gregory Ricci, Managing Director (410) 625-5631 AUDIT COMMITTEE December 31, compared to the CPI for the prior calendar year. Dimitri Grechenko, Managing Director (410) 625-5614 over the prior fiscal year. Leshia D. Cornish-Covington, Director (410) 625-5612 National Human Trafficking Hotline - 24/7 Confidential. MCPS Retirement Plan Members Retirement Benefits: Youre eligible for retirementbenefits administrated by DRS, Learn More. Vincent S. Johnson, Director (410) 625-5554 MFR (Managing for Results) - The MFR strategic plan outlines each agency's mission, vision, goals, objectives and performance metrics. State firefighters, police officers and troopers will. COLAs are effective with the July benefit payment, and are based This years COLA rate for the fiscal year beginning July 1 is NETWORK OPERATIONS that apply to retirees of the various state systems, so the COLA April 21, 2022. Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us State Retirement & Pension System.