All Roll Calls
Yes: 174 • No: 0
MarylandSB 07242026 Regular SessionSenateWALLET
State Retirement and Pension System - Cost-of-Living Adjustments - Clarification
Sponsored By: Karen Lewis Young (Democratic)
Signed by Governor
Pensions and RetirementConsumer Price IndexEmergency BillsHealth -see also- COVID19; EnvHlth; MedCon; etc.Retirement -see also- Mandatory RetirementSafety -see also- Occupational SafetyState Employees
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
How retiree COLA is calculated
The Board calculates your annual COLA using the U.S. CPI-U city average (all items, annual, not seasonally adjusted). The rate equals (last year’s CPI minus the CPI two years earlier) divided by the CPI two years earlier. Any COLA cap in law still applies. On July 1, your increase is the COLA rate times your initial allowance (simple) or times your initial allowance plus past COLAs (compound). These rules take effect April 14, 2026.
One-time CPI fix for 2026-27 COLAs
For the 2025 CPI, October 2025 is set as the average of September and November 2025 CPI values. This feeds the COLA rate used for increases on July 1, 2026 and July 1, 2027. The rule takes effect April 14, 2026.
Your state pension pays monthly for life
Your state retirement allowance is paid in equal monthly amounts for life. A different payment form applies only if you chose an optional form under the plan. This clarification takes effect April 14, 2026.
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Sponsors & Cosponsors
Sponsor
Karen Lewis Young
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 3/12/2026
Third Reading Passed
Yes: 130 • No: 0 • Other: 6
Senate vote • 3/3/2026
Third Reading Passed
Yes: 44 • No: 0 • Other: 3
Actions Timeline
Approved by the Governor - Chapter 55
4/14/2026Returned Passed
3/13/2026SenateThird Reading Passed (130-0)
3/12/2026HouseSecond Reading Passed
3/10/2026HouseFavorable Adopted
3/10/2026HouseFavorable Report by Appropriations
3/10/2026HouseReferred Appropriations
3/4/2026HouseThird Reading Passed (44-0)
3/3/2026SenateSecond Reading Passed
2/27/2026SenateFavorable Adopted
2/27/2026SenateFavorable Report by Budget and Taxation
2/26/2026SenateHearing 2/19 at 9:00 a.m.
2/11/2026SenateFirst Reading Budget and Taxation
2/6/2026Senate
Bill Text
Enacted
4/14/2026
Third Reading
2/27/2026
First Reading
2/6/2026
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