Baltimore County Government: Olszewski Announces Approval For Largest Cost Of Living Increase For Retirees In A Decade

Press release from the Baltimore County Government:

February 16, 2022

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 cost of living adjustments (COLAs) through the Post Retirement Increase Fund, which is overseen by the Retirement Board. A COLA is provided only if there is sufficient funding to provide at least a one percent COLA.

"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.

For more information, County government retirees may contact the Retirement Office by email at ers@baltimorecountymd.com or call 410-887-8246

This press release was produced by the Baltimore County Government. The views expressed here are the author’s own.