State Retirement and Pension System - Cost-of-Living Adjustment Clarification
Summary
The Maryland General Assembly passed SB724, clarifying the Consumer Price Index methodology used to calculate cost-of-living adjustments for State Retirement and Pension System retirees. The bill passed with unanimous support (44-0 in Senate, 130-0 in House) and takes effect upon signature.
What changed
Maryland SB724 clarifies the Consumer Price Index reference used for calculating cost-of-living adjustments (COLAs) for State Retirement and Pension System beneficiaries. The legislation addresses COLA calculations for certain years, providing administrative clarity without substantively changing benefit structures.
State personnel offices and Maryland state retirement system administrators should update their COLA calculation procedures to reflect this clarification. The bill became effective March 13, 2026 following unanimous legislative passage. No penalties or compliance deadlines are specified as this is a procedural clarification rather than a new mandate.
Source document (simplified)
ChangeBridge / Maryland / SB724 Passed SB724 Senate Bill Passed 2026-03-13
State Retirement and Pension System - Cost-of-Living Adjustments - Clarification
Clarifying the Consumer Price Index used to determine the cost-of-living adjustments for retirees of the State Retirement and Pension System in certain years.
Bill Details
State Maryland
Session 2026 Regular Session
Chamber Senate
Official Source mgaleg.maryland.gov/mgawebsite/Legislation...
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Sponsors
Karen Lewis Young (Sen - D)
Action History
2026-03-13 S Returned Passed 2026-03-12 H Third Reading Passed (130-0) 2026-03-10 H Second Reading Passed 2026-03-10 H Favorable Adopted 2026-03-10 H Favorable Report by Appropriations 2026-03-04 H Referred Appropriations 2026-03-03 S Third Reading Passed (44-0) 2026-02-27 S Second Reading Passed 2026-02-27 S Favorable Adopted 2026-02-26 S Favorable Report by Budget and Taxation 2026-02-11 S Hearing 2/19 at 9:00 a.m. 2026-02-06 S First Reading Budget and Taxation
Votes
2026-03-03 Third Reading Passed Yea: 44 Nay: 0 2026-03-12 Third Reading Passed Yea: 130 Nay: 0
Committee Referrals
2026-02-06 S Budget and Taxation 2026-03-04 H Appropriations
Bill Text Versions
2026-02-10 Introduced 2026-02-27 Engrossed
Subjects
Pensions and Retirement Consumer Price Index Emergency Bills Health Retirement Safety State Employees Legislative data powered by LegiScan (CC BY 4.0)
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