Clarifies cost-of-living adjustments for Maryland State Retirement and Pension System retirees.

Maryland SB724 clarifies the calculation of cost-of-living adjustments for retirees of the State Retirement and Pension System. It repeals and reenacts sections of the Annotated Code of Maryland to ensure the Consumer Price Index change is accurately calculated for fiscal years 2026 and 2027. The bill specifies the use of the Consumer Price Index for all urban consumers, United States city average, all items, not seasonally adjusted, 1982–1984 = 100, published by the U.S. Department of Labor, Bureau of Labor Statistics.

Clarifies cost-of-living adjustments for Maryland State Retirement and Pension System retirees.

Maryland SB724 clarifies the calculation of cost-of-living adjustments for retirees of the State Retirement and Pension System. It repeals and reenacts sections of the Annotated Code of Maryland to ensure the Consumer Price Index change is accurately calculated for fiscal years 2026 and 2027. The bill specifies the use of the Consumer Price Index for all urban consumers, United States city average, all items, not seasonally adjusted, 1982–1984 = 100, published by the U.S. Department of Labor, Bureau of Labor Statistics.