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MSRPS COLA FOR JULY 1, 2015
The cost of living adjustment referred to as COLA will be reflected in the July check for all retirees who have been retired one full year as of July 1. For retirees who retired under the Retirement System or retired on or before July 1, 2011, the COLA will be 1.622%. For Pension System retirees who retired on or after July 2011, this year’s COLA will be 1.622% on their benefit allowance based on service earned prior to July 1, 2011 and 1% on their benefit allowance based on service earned on or after July 1, 2011 since the Agency’s targeted rate of investment return for December 31, 2014 was not met.
MRSPA ANNUAL MEETING & 70th ANNIVERSARY CELEBRATION A BIG SUCCESS!
The MRSPA Annual Meeting and 70th Anniversary Celebration Luncheon May 12 at Turf Valley Resort & Conference Center was well attended, with 262 members and guests. Thank you to everyone who supported this event!
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Helping You Bridge from Career to Retirement
The Maryland Retired School Personnel Association (MRSPA) is a nonprofit organization of retired school personnel, founded in 1945, whose purpose is to promote the professional, social and economic welfare of its members; to promote involvement and participation of retirees in service to their communities and to promote the continuous improvement of education in the schools of Maryland.