Retiree News

2021 Cost-of-Living Adjustment for Retirees in the State Teacher's Retirement Plan 

The Maryland State Retirement Agency has announced the cost-of-living adjustment to be applied in July 2021. This year’s COLA rate is 1.234 percent. A retiree who has been retired at least one year as of July 1, 2021, qualifies for this year’s COLA. The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to retirees' homes on July 31. Those who retired after July 2020 (August 2020 or later) will receive their first COLA increase in July 2022.