The 2020 COLA will be 1.812% for retirees on service earned prior to the 2011 reform and a 1% post reform service. The COLA is based on the increased cost of living in 2018 and the consumer price index.
Members will see the COLA beginning with their July 31, 2020 pension check/deposit. The formula used by the state is not the same that Social Security uses.
For more information, please visit the Maryland State Retirement Agency's website at http://www.sra.state.md.us/