§ 29–405
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Pers. & Pens. § 29-405 (2026)
Title 29. Benefits Other Than Service Retirement Benefits
Subtitle 4. Cost–of–living Adjustments
§ 29–405LinkCopy Citation
(a)
This section applies only to an allowance received by a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree:
(1)
of the Employees’ Retirement System or the Teachers’ Retirement System who elected Selection B (Limited cost–of–living adjustment); or
(2)
who transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System and had elected Selection B (Limited cost–of–living adjustment).
(b)
A cost–of–living adjustment payable under this section shall be a compound cost–of–living adjustment computed in accordance with § 29–402(d)(2) of this subtitle.
(c)
A cost–of–living adjustment payable under this section shall be subject to a cost–of–living rate cap of 5%.