Baltimore County Executive Johnny Olszewski today announced that the Employees’ Retirement Board voted to approve a three percent cost of living adjustment for eligible retirees, effective July 1, 2022.
“Our retirees have dedicated their lives to serving the residents of Baltimore County, and they deserve to be recognized for their contributions to our communities,” Olszewski said. “This increase in compensation is well deserved and long overdue.”
Baltimore County government retirees receive the cost of living adjustments (COLAs) through the Post Retirement Increase Fund, overseen by the Retirement Board.
“I am extremely happy that the Employee Retirement Board is moving to support a much-deserved cost of living adjustment of three percent to our retirees,” said Baltimore County Council Chairman Julian Jones. “This has been a legitimate and constant request from our retirees for the last ten years, and I am very happy County Executive Olszewski will make this a priority.”
In the last decade, eligible County retirees have only received a single one percent cost of living adjustment. The three percent increase applies to eligible retirees effective July 1, 2022.