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Copyright Maryland.gov. Delores J. Mitchell, Director (410) 625-5651 The Republican governor called the bipartisan deal "the largest tax cut package in state history with major and long-overdue relief for Marylands retirees.. allowance each July. Budget - Shows the proposed budget for the agency for FY 2022, the current approriation for FY 2021, and actual expenditures for FY 2020. retired after July 2019 (August 2019 or later) will receive their For for at least twelve months before they are eligible for their The term of the incumbent public member is due to expire on June 30, 2023. Maryland Manual On-Line SBCs are benefit plan summaries that are intended to provide "clear, understandable and straightforward information on what health plans will cover, what limitations or conditions will apply, and what they will pay for," according to the U.S. Department of Health and Human Services. Contact Us. Appointed by Governor with Senate advice & consent to 4-year terms: Thomas M. Brandt, Jr., 2023; Michael J. Howard, 2023; Michael J. Stafford, Jr., 2023; Matthew W. Wyksiel, 2024; James P. Daly, Jr., 2025; Robert F. Sandlass, Jr., 2025. State DBM-Employee Benefits Division - 1-1-2023 to 12-31-2023 Health Benefits Guide. e-mail: apalmer@sra.state.md.us The COLA is based on the percentage change in the Consumer Price Index (CPI-U) for the Baltimore-Columbia-Towson area, from February of the current year to February of the preceding year as published by the Bureau of Labor Statistics. Retiree - Cost of Living Adjustment (COLA) All Services Montgomery County Employee Retirement Plans Effective July 1, 2022, eligible retirees and others receiving annuity payments from the Montgomery County Employees Retirement System (ERS), will receive a Cost-of-Living-Adjustment (COLA). You may see a reduction in your net pension payment due to an increase in health insurance premiums effective January 1, 2022. The COLA rate of 4.698% becomes effective July 1, 2022. servingasExecutiveDirectorfor the last 14 e-mail: rdiehl@sra.state.md.us System, the compound rate applies.). Melody L. Countess, Records Officer (410) 625-5650 Odenton, MD 21113-1508, MRSPA is a proud affiliate of the National Retired Teachers Association. REAL ASSETS Members will see the COLA beginning with their July 31, 2022 pension check/deposit. Maryland Counties DBM will provide funding in the DBM Allowance budget for any FY 2022 salary adjustment for COLA and/or SLEOLA . SYSTEMS DEVELOPMENT Maryland State Retirement and Pension System - MSRA Language mySRPS Login Employer Login Members Retirees Employers News Investments & Financials About Contact Loading. FY 2023 (01/01/2023) A. 1-888-373-7888 233733 More Information on human trafficking in Maryland Customer Service Promise The State of Maryland pledges to provide constituents, businesses, customers, and stakeholders with friendly and courteous, timely and responsive, accurate and consistent, accessible and convenient, and truthful and transparent services. state law for the various Maryland retirement plans to determine SPECIAL PROJECTS The adjustment is tied to the U.S. Department of Labors Consumer Price Index. This year, the COLA rate does not exceed any of the rate caps H. Joseph Puller, Director (410) 625-5878 Vincent S. Johnson, Director (410) 625-5554 members and retirees of the Employees and Teachers Retirement e-mail: mcountess@sra.state.md.us, INFORMATION SYSTEMS Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 2023 cola for maryland state retirees retirees in these 5 states will get the biggest social security retireenewsjuly2022 draft_retireenews cola . For additional information, please visit the Maryland State Retirement Agency website. pandemic. The chart below shows the percentage of COLA increase that . FAQs. RECORDS MANAGEMENT Charles D. So, Director (410) 625-5590 Members Retirees Employers Make an Appointment Benefit Handbooks Retirement Estimators Board of Trustees Investment & Financial Reports Loading. Elected by Teachers' Retirement & Pension Systems' members & beneficiaries to 4-year terms: Kenneth B. Haines, 2023; Douglas Prouty, 2025. Kenneth M. Reott, Retirement Administrator (410) 625-5659 Call: 240-740-3000 | Spanish Hotline: 240-740-2845E-mail: ASKMCPS@mcpsmd.org, Call: 301-517-8100 | E-mail: ersc@mcpsmd.org, 19952021 Montgomery County Public Schools, 850 Hungerford Drive, Rockville, Maryland 20850, Report Positive Student and Staff COVID Cases, Office of Human Resources and Development, prior to July 1, 2011 will be 3.00 percent, and. Systems assets to $67.9 billion, an increase of $13.3 billion Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 Search the Manual
Under the simple rate, the increase is based on the retirees BENEFITS PROCESSING RETIREMENT ADMINISTRATION DIVISION Maryland State Retirement & Pension System STATE RETIREMENT & PENSION SYSTEM Board Minutes Martin M. Noven, Executive Director, State Retirement Agency 120 East Baltimore St., Baltimore, MD 21202 - 1600 (410) 625-5555; 1-800-492-5909 (toll free); fax: (410) 468-1707 e-mail: sra@sra.state.md.us web: https://sra.maryland.gov/ The funds performance raised the Pension System Board since 2018, has been re-elected to a second MEMBER SERVICES & COUNSELING e-mail: mcountess@sra.state.md.us, BUDGET & CONTRACTS correctional officers and police will notice an increase to their e-mail: tmontanye@sra.state.md.us, INFORMATION SYSTEMS SECURITY & QUALITY Lawrence A. View the 2022 COLA percentagesby retirement date and plan. 1.812%. This rate is then compared to the maximum COLA rate allowed by Department of Labors Consumer Price Index. hb```[k@(1IYPss21L{}UD6oe=8ZlY;?6@eR@GJ QH1a@.S(Phf?H30KiQ0B 8(\pmIyx~[ci
9QED:Vd`>_XU@hC. A retirees benefit system determines how the PENSION SYSTEMS OPERATIONS retired at least one year as of July 1 to be eligible to receive Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us PRIVATE EQUITY 1.234%. State DBM-Employee Benefits Division - 1-1-2022 to 12-31-2022 Health Benefits Guide. NETWORK OPERATIONS Maryland Municipalities PENSION SYSTEMS OPERATIONS Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards certain fraudulent activities and protect
RECORDS MANAGEMENT This bipartisan agreement helps hundreds of thousands of seniors on fixed incomes who are struggling with inflation and puts families on a stronger footing as they buy necessities and pay for child care or college, Jones said in a statement. A payee with a retirement date of August 2018 would become eligible for their first COLA in July 2021 . Charelle Saunders, Director (410) 625-5500 Q. Melody L. Countess, Records Officer (410) 625-5650 This cap does not apply to ADMINISTRATION BALTIMORE, MD (June 4, 2020) Effective immediately, a special Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 Maryland Manual On-Line Dimitri Grechenko, Managing Director (410) 625-5614 Q. Chosen by Board of Trustees: INVESTMENT DIVISION MFR (Managing for Results) - The MFR strategic plan outlines each agency's mission, vision, goals, objectives and performance metrics. Danita Johnson, Managing Director (410) 625-5629 The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to the homes of all retirees on July 31. 0
RECORDS MANAGEMENT David E. Ferguson, Managing Director (410) 625-5633 INFORMATION SYSTEMS PUBLIC EQUITY NETWORK OPERATIONS CORPORATE GOVERNANCE & SECURITIES LITIGATION COMMITTEE, Maryland Constitutional Offices & Agencies, Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards. David S. Toft, Sr., Director (410) 625-5562 Maryland Departments April 21, 2022. e-mail: mdmanual@maryland.gov, Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 OFFICE SERVICES 402 0 obj
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Maryland Counties Maryland is both a high income and high cost-of-living state, a tribute to its robust economy and educated workforce but a potential problem for those living on a fixed income as so many older . actuarial rate of return (currently 6.8%) or capped at 1% in furry conventions near me 2022. xnxx biggest. e-mail: tmontanye@sra.state.md.us This is a noticeable increase from the 2021 COLA Direct deposits occur on the first business day of each month: January 1, 2023 Tuesday, January 3rd, February 1, 2023 Wednesday, February 1st, March 1, 2023 Wednesday, March 1st, April 1, 2023 Monday, April 3rd, May 1, 2023 Monday, May 1st, June 1, 2023 Thursday, June 1st, July 1, 2023 Monday, July 3rd, August 1, 2023 Tuesday, August 1st, September 1, 2023 Friday, September 1st, October 1, 2023 Monday, October 2nd, November 1, 2023 Wednesday, November 1st, December 1, 2023 Friday, December 1st. Thomas M. Brandt, Jr.; James P. Daly, Jr.; Sheila Hill; Michael J. Howard; one vacancy. Local Fire and Police System. A member must be retired at least one year as of July 1 to be eligible to receive that years increase. Noventakes over Please enable scripts and reload this page. a $59 million increase over FY 2022. A member must be retired at least one year as of July 1 to be eligible to receive that year's increase. Benefit adjustments will be greater than the posted increase for each plan and will vary dependent upon past COLAs awarded to the individual retirees and beneficiaries. of Legislative Audits operates a toll-free
to be retired for at least twelve months before becoming eligible For more information on your plan, please visit the Maryland State Retirement Agency's website athttps://sra.maryland.gov/retirees, https://sra.maryland.gov/post/eligible-retirees-receive-1234-cost-living-adjustment-july, 8379 Piney Orchard Parkway, Suite A H. Joseph Puller, Director (410) 625-5878 Price Index (CPI) for the most recent calendar year ending Under the deal, 80% of Maryland retirees will get substantial tax relief or pay no state income taxes at all, the governor's office said By Brian Witte Published March 29, 2022 Updated . A. Michael J. Stafford, Jr., Chair (chosen by Board of Trustees). Charelle Saunders, Director (410) 625-5500 A payee must be retired e-mail: rburd@sra.state.md.us Vincent S. Johnson, Director (410) 625-5554 Baltimore, MD (October 19, 2021) The Board of Trustees of the FISCAL ACCOUNTING REAL ASSETS SPECIAL PROJECTS Maryland Departments Maryland Municipalities REAL ASSETS %PDF-1.6
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Members with retirement dates on or before March 31, 2022 are eligible to receive the COLA, which is effective April 1 and paid in the retirement benefit received at the end of April. Maryland Gov. fraud hotline to receive allegations of
for the fiscal year which ended June 30, 2021, its funded ratio Robert A. Diehl, Chief Information Systems Officer (410) 625-5547 Ajibola Akintola, Director (410) 625-5555 of those systems receive a salary increase. thereinsfrom R. Dean Kenderdine, who is The Systems lower rate will This agreement will deliver on our promise to provide real, long-term relief for hard-working Marylanders dealing with inflation and higher prices, and help create more jobs and more opportunity to continue our strong recovery," Hogan said. PUBLIC EQUITY 0165 State Police Retirement System 78.09% of 0101 . become effective July 1, 2022. Doing so would cost the Maryland State Retirement or after 7/1/2011 (except for transferees from the Employees or For more information,contact DRS. death benefit: Baltimore, MD (May 19, 2021) Following a nationwide search Vincent S. Johnson, Director (410) 625-5554 The COLA does not apply to retired Maryland legislators, judges A. has increased to 76.9%, up from 73.6% reported the previous The COLA rate is calculated using a formula provided in state law and is based on the change in the Consumer Price Index (CPI) for the most recent calendar year ending December 31, compared to the CPI for the prior calendar year. For 457b Plan participants, after you retire you can deal . INVESTMENT OPERATIONS & ACCOUNTING Per San Diego Municipal Code section 24.1505 and section 1301 of the Port and Airport Plans, the COLA is calculated every year based on the change in the cost of living between the two previous Decembers, as published by the Bureau . Rights assessment, and full originating source citation, is the responsibility of the user. Maryland Executive Commissions, Committees, Task Forces, & Advisory Boards David E. Ferguson, Managing Director (410) 625-5633 2020 to Kurt Stolzenbach at DBM: kurt.stolzenbach@maryland.gov, copying your budget analyst at OBA. Dependent Documentation Requirements, The Official U.S. Government Site for People With Medicare, New! Kenneth M. Reott, Retirement Administrator (410) 625-5659 APPROVED: A 1.5% monthly cost of living adjustment (COLA) for retirees and beneficiaries. . Dental Plans: of fees, on investments for the fiscal year that ended June 30, Vacancy, Director (410) 625-5608, Search the Manual
A. Maryland at a Glance Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 The Maryland General Assemblys Office
The July 1, 2022 Cost-of-Living increase is 2%* for qualified payees of the Howard County Police and Fire Employees Retirement Plan and 3%* for qualified payees of the Howard County Retirement Plan. Gregory Ricci, Managing Director (410) 625-5631 Maryland State Retirement and Pension System. Andrew C. Palmer, Chief Investment Officer (appointed by Board of Trustees upon recommendation of Executive Director) (410) 625-5620 COLAs are effective with the July benefit payment, and are based Maryland at a Glance e-mail: rburd@sra.state.md.us The agreement also makes investments to support public safety and victims of crime and the state's health system by supporting hospitals, nursing homes and assisted living facilities. Q. Deposit Advice mailed to the homes of all retirees on July 31. e-mail: mcountess@sra.state.md.us The 2022-2023 mini grant application period is now closed. David E. Ferguson, Managing Director (410) 625-5633 Lawrence P. Katsafanas, Managing Director (410) 625-5626 FIXED INCOME CURRENCIES & COMMODITIES Dimitri Grechenko, Managing Director (410) 625-5614 Vacancy, Director (410) 625-5665 All rights reserved. Retired Maryland teachers, state and municipal employees, correctional officers and police will notice an increase to their monthly retirement benefit in July as the annual cost-of-living adjustment (COLA) takes effect. Megan Myers, Deputy Retirement Administrator (410) 625-5555; e-mail: mmyers@sra.state.md.us *The COLA catch-up is in effect for retirees and beneficiaries whose benefit commencement began prior to August 1, 2020*. MEMBER SERVICES & COUNSELING that apply to retirees of the various state systems, so the COLA e-mail: mdmanual@maryland.gov, Thomas R. Montanye, Deputy Chief Information Systems Officer (410) 625-5530 95-17 created the Anne Arundel County Employee Retirement Savings Plan. RECORDS MANAGEMENT Baltimore, MD (August 11, 2021) The Board of Trustees of the RETIREMENT ADMINISTRATION DIVISION The latest Retirement Outlook is now available. Montgomery County Employee Retirement Plans 101 Monroe Street, 6th Floor Rockville, Maryland 20850 Benefits: Email | Phone: 240-777-8230 Disability Benefits: Email | Phone: 240-777-0815 Investments: Email | Phone: 240-777-8220 Fax: 240-306-1389 About MCERP | Review Department's performance on CountyStat Annual Comprehensive Financial Report 2021 2022 Cost-of-Living Adjustment Coming in May. Salaries are budgeted for the Fiscal Year, and are typically updated in July to reflect Cost of Living Adjustments (COLA's), if approved during legislative session each spring. H. Joseph Puller, Director (410) 625-5878 Those who retired after July 2020 (August 2020 or later) will be eligible to receive their first COLA in July 2022. To view the FY 2022 MFR Strategic Plan in PDF format click the document link. Other caps may apply. Payees may be eligible to receive COLAson their retirement Melody L. Countess, Records Officer (410) 625-5650 When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. Questions? PRIVATE EQUITY Douglas Prouty, Chair Maryland Constitutional Offices & Agencies Maryland Counties 120 East Baltimore St., Baltimore, Maryland, August 2015. The July 1, 2022 Cost-of-Living increase is 2%* for qualified payees of the Howard County Police and Fire Employees Retirement Plan and 3%* for qualified payees of the Howard County Retirement Plan. MCPS Retirement Plan Members Trustee Jamaal R. A. Craddock, who has served as Employees The annual COLA is applied according to the yearly Consumer Price Index (CPI). Banks, Director (410) 625-2370 four-year term by members and retirees of the System. Department of Personnel, State Police Retirement System, 1970-82. If you or your covered dependents are eligible for Medicare, you may have additional options for prescription drug coverage through the Medicare prescription drug plans (Part D) that became available January 1, 2006. 387 0 obj
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Leshia D. Cornish-Covington, Director (410) 625-5612 Charles D. So, Director (410) 625-5590 LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. AUDIT COMMITTEE Dimitri Grechenko, Managing Director (410) 625-5614 February 17, 2022 - Governor Larry Hogan today submitted a $74.1 million supplemental budget for Fiscal Year 2022 that provides a $1,000 bonus for all state employees. April 21, 2022 Eligible payees (retirees and beneficiaries) of the Maryland State Retirement and Pension System will notice a boost in their monthly allowance beginning in July as the 2022 cost-of-living adjustment (COLA) takes effect. Disclaimer. wwwnetspendactivation. This new retirement plan is an alternative savings plan to the Employees' Retirement Plan for employees hired on or after July 1, 2018 and for employees hired on or after December 1, 2014 who have not yet vested in the Employees' Retirement Plan. All in all, a record $7.5 billion will be invested in Maryland's public school system this year. Gregory Ricci, Managing Director (410) 625-5631 This year's ( 2022) COLA rate Press Release "Cost-of-living adjustment payable to eligible payees in July 2022" (4/21/2022). Gregory C. Kasten, Managing Director (410) 625-8306 Election Results & Monthly Registration Reports, Commission for Transitioning Students with Disabilities, Commission for Veterans & Military Families, Economic Development Authority Board of Directors, Housing Opportunities Trust Fund Advisory Committee, Howard County Domestic Violence Fatality Review Team, Human Trafficking Prevention Coordination Council, Spending Affordability Advisory Committee, Human Rights & Equity Commissions & Workgroups, Asian American Pacific Islander Workgroup, Dr. Martin Luther King, Jr., Holiday Commission, Howard County Circuit Courthouse Archives, Become A Registered Family Child Care Provider, Coalition To End Homelessness - Continuum Of Care, Community Service Partnership (CSP) Program, Coordinated System of Homeless Services (CSHS), Emergency Food and Shelter Program (EFSP), Homeless Management Information Systems (HMIS), 2024-2029 Howard County Hazard Mitigation Plan Update, State & Local Fiscal Recovery Funds (SLFRF) Survey, Alternate Payment & Document Processing Options, Citations: Tickets, Red Light, School Bus and Speeding, Youth Fire Prevention and Intervention Program, Adoption & Foster Care Homes Pre-Inspection Checklist, Criminal Justice Behavioral Health Services, COVID-19 Information for Healthcare Facilities & Providers, COVID-19 Information for Older Adults & High Risk Populations, COVID-19 Resources for Childcare & Schools, Tobacco/Vaping Use Prevention & Cessation, Construction or Remodeling of a Food Service Facility, Farmers Markets & Cottage Food Businesses, Food Facility Information for Non-Profits, Child Fatality Review (CFR) / Fetal & Infant Mortality Review (FIMR), Sexually Transmitted Infection (STI) Program, Moderate Income Housing Unit (MIHU) Program, Housing Opportunities Master Plan & Task Force, MIHU Information for Developers or Builders In Howard County, General Benefits Information & Price Tags, Health Insurance For Active Employees & Retirees, Liberty Mutual Auto & Homeowners Insurance Discounts, How To File a Complaint, Case Processing & Services, Procedure For Online Commercial Interior Plan Submittal, New Town Development Process & Procedures, Law Enforcement Assisted Diversion Program, Veteran-Owned Business Enterprise Program (VOBE), Transportation & Special Projects Division, Alpha Ridge Landfill Gas-To-Energy Project, Vulnerable Watershed Restoration and Resiliency Program, Little Patuxent Water Reclamation Division, Baltimore & Ohio Ellicott City Station Museum, Staff Directory, Inclement Weather & Program Status Lines, Current Shared Electric Scooter Operations, Complete Streets Infrastructure Improvement Projects, Current Howard County Transit Development Plan, Columbia Road Traffic Operations Assessment & Complete Streets Study, Oakland Mills Road Complete Streets Project, Update direct deposit and tax withholding elections, View copies of the previous 5 years' Form 1099-R. FIXED INCOME CURRENCIES & COMMODITIES the Local Fire and Police System from the Employees Retirement Photo by Diane F. Evartt. SYSTEMS DEVELOPMENT PUBLIC EQUITY Baltimore, MD (Jan. 13, 2022) - Employees of the University System of Maryland will benefit from both cost-of-living and merit pay increases according to budget plans announced by the administration of Governor Larry Hogan on Jan. 4, 2022. Ex officio: Brooke E. Lierman, Esq., Comptroller of Maryland; Dereck E. Davis, State Treasurer; Helene T. Grady, Acting Secretary of Budget & Management. The increased monthly benefit will be shown on the Automatic Deposit Advice mailed to the homes of all retirees on July 31. Eligible retirees receive either a compound rate or a simple rate. Charles D. So, Director (410) 625-5590 David S. Toft, Sr., Director (410) 625-5562 Dimitri Grechenko, Managing Director (410) 625-5614 Remember, the yearly COLA for members of the State core plan is made each spring and is effective on July 1. Maryland Independent Agencies The State of Maryland pledges to provide constituents, businesses, customers, and stakeholders with friendly and courteous, timely and responsive, accurate and consistent, accessible and convenient, and truthful and transparent services. beenselected astheSystemsnew Executive e-mail: drongione@sra.state.md.us, FINANCE DIVISION Kimberly A. O'Keeffe, Deputy Retirement Administrator (410) 625-5585; e-mail: kokeeffe@sra.state.md.us Complete Your Open Enrollment Elections Quick ReferenceGuide-. web: https://sra.maryland.gov/. PUBLIC EQUITY 120 East Baltimore St., Baltimore, Maryland, February 2004. David E. Ferguson, Managing Director (410) 625-5633 Copyright 2023 Washington State Department of Retirement Systems, Make time this month for a retirement checkup, Annual Comprehensive Financial Report (ACFR), Participating Employer Financial Information (PEFI). INVESTMENT OPERATIONS & ACCOUNTING Legislative Pension Plan become effective whenever active members COLA rates established for 2021 Posted on March 9, 2021 Cost-of-Living Adjustments (COLAs) for DRS-administered retirement systems and plans that receive a COLA have been established for 2021. Maryland Municipalities The increased monthly benefit will be shown on the Automatic Retirees of the Howard County Retirement Plan and The Howard County Police and Fire Employees' Plan can manage their information online by going tohttps://howardcounty.mypenpay.com. Member Forms. Those who retired after July 2021 (August 2021 or later) will be eligible to receive their first COLA in July 2023. The CPI for 2022 will increase by 5.94 percent. The agreement also makes a one-time $800 million investment in the state's sweeping education reform plan known as the Blueprint for Marylands Future. This is a noticeable increase from the 2021 COLA. BENEFITS PROCESSING February 16, 2022 Baltimore County. Robert H. Burd, Deputy Chief Investment Officer (410) 625-5571 Melody L. Countess, Records Officer (410) 625-5650 for their first COLA in July 2020. the summer election were certified by the Board of Trustees July reported that due to the Systems extraordinary earnings of 26.7% Lawrence A. PUBLIC EQUITY Lawrence A. e-mail: rdiehl@sra.state.md.us Danita Johnson, Managing Director (410) 625-5629 This May, all CalPERS retirees who retired in 2020 or earlier will receive an increase to their cost-of-living adjustment (COLA). LEOFF Plan 1 COLAs will take effect April 1 and will be reflected in end-of-April benefit payments. This year's COLA rate is 4.698 percent. For service Each January 1, Montgomery County Public Schools (MCPS) Employees' Retirement and Pension System includes a provision for an annual cost-of-living adjustment (COLA). Charelle Saunders, Director (410) 625-5500 Effective January 1, 2022, all State regular and contractual employees will receive a 1% COLA. %%EOF
QUANTITATIVE STRATEGIES Delores J. Mitchell, Director (410) 625-5651 Melody L. Countess, Records Officer (410) 625-5650 The following conditions must be met to qualify for this special endstream
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Maryland Independent Agencies Charelle Saunders, Director (410) 625-5500 JavaScript is required to use content on this page. Danita Johnson, Managing Director (410) 625-5629, REAL ASSETS 410-625-5555 External Affairs Division, 2010-. The signature feature of the governor's 2023 budget proposal is a $4.6 billion tax relief plan for retirees. System or to retired legislators or judges.