MD HB1138

Clarifies which Consumer Price Index (CPI) is used to calculate cost-of-living adjustments (COLAs) for State Retirement and Pension System retirees, specifically the annual average CPI for all urban consumers, U.S. city average, not seasonally adjusted, with 1982-1984 as the base period

Establishes a method to calculate the October 2025 CPI value by averaging the September 2025 and November 2025 CPI values, addressing an apparent data gap or irregularity

Applies this CPI calculation method specifically to COLA adjustments effective July 1, 2026 and July 1, 2027

Designated as an emergency measure requiring three-fifths approval from both chambers of the General Assembly, taking effect immediately upon enactment