Retiree COLA

Every July 1, a Cost-of-Living Adjustment (COLA) is added to the monthly benefit of each retiree and beneficiary who has been in pay status for 12 months or more.

For July 1, 2016, the Cost-of-Living increase will be 0.9736%. It is important to note that the increase will be applied to your gross monthly retirement benefit, before any tax withholding or health insurance premium payments.

The COLA is based on the percentage change in the Consumer Price Index (CPI-U) for the Baltimore-Washington area, from March of the current year to March of the preceding year, as published by the Bureau of Labor Statistics. Details of the COLA calculation are set forth in Section 1.435 and 1.435A of the Howard County Code.