MD SB724

Clarifies how the Consumer Price Index (CPI) is calculated for determining cost-of-living adjustments for State Retirement and Pension System retirees

Establishes that the October 2025 CPI value will be calculated as the average of September 2025 and November 2025 CPI values

Applies specifically to the CPI for calendar year 2025, affecting cost-of-living adjustments effective July 1, 2026, and July 1, 2027

Designated as an emergency bill requiring three-fifths vote in both chambers, taking effect immediately upon enactment

Sponsored by Senator Lewis Young, introduced February 6, 2026, and received favorable committee report from Budget and Taxation