State Pensions And Retirement
Maryland 2020 Regular Session
State Retirement and Pension System - Financial Reporting [HB-1101]
Requiring the Board of Trustees for the State Retirement and Pension System to publish a comprehensive annual financial report by December 15; requiring certain information regarding system investments to be included; requiring the Board to submit certain quarterly reports to the General Assembly; specifying the dates on which certain reports are due; requiring the Board to hire a consultant to assess certain capital market predictions; and authorizing the Board to hire certain individuals to serve as consultants for certain purposes.
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Gettr Maryland 2020 Regular Session
State Prescription Drug Benefits - Retiree Benefits - Revisions [HB-1042]
Altering the date on which the State shall discontinue certain prescription drug benefits to certain persons if a certain event occurs; altering the date by which the Department of Budget and Management is required to establish certain retiree prescription drug coverage programs; altering the eligibility criteria for participation in the retiree prescription drug coverage programs; etc.
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Maryland 2020 Regular Session
Law Enforcement Officers' Pension System - Military Service Credit [HB-1073]
Authorizing certain members of the Law Enforcement Officers' Pension System to receive credit for certain military service even if the member receives military service credit in another retirement system.
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Maryland 2020 Regular Session
Military Service Credit - Eligibility [HB-1027]
Authorizing certain members of the State Retirement and Pension System to receive credit for certain military service even if the member receives military service credit in another retirement system.
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Maryland 2020 Regular Session
State Retirement and Pension System - Pension Benefits - Calculation [HB-948]
Providing that, under certain retirement and pension systems, a member's normal service retirement allowance shall equal the member's annuity under certain circumstances; providing that, under certain pension systems, a former member's vested allowance shall equal the former member's annuity under certain circumstances; and providing for the retroactive application of the Act to certain individuals.
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Maryland 2020 Regular Session
State Retirement and Pension System - Reemployment Earnings Offset - Clarification [HB-942]
Clarifying certain provisions of law pertaining to a certain reemployment earnings offset of a retirement allowance for certain retirees of the State Retirement and Pension System that are reemployed in certain positions.
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Maryland 2020 Regular Session
State Retirement and Pension System - Pension Benefits - Calculation [SB-764]
Providing that, under certain retirement and pension systems, a member's normal service retirement allowance shall equal the member's annuity under certain circumstances; providing that, under certain pension systems, a former member's vested allowance shall equal the former member's annuity under certain circumstances; and providing for the retroactive application of the Act to certain individuals.
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Maryland 2020 Regular Session
State Employee and Retiree Health and Welfare Benefits Program - Participation - County, Municipal Corporation, or County Board Retirees [SB-956]
Authorizing certain retired employees of a county, municipal corporation, or county board to participate in the State Employee and Retiree Health and Welfare Benefits program under certain circumstances; and requiring the governing body of a county, municipal corporation, or county board to pay certain costs and to make certain determinations with regard to certain retirees under certain circumstances.
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Maryland 2020 Regular Session
State Retirement and Pension System - Reemployment Earnings Offset - Clarification [SB-809]
Clarifying certain provisions of law pertaining to a certain reemployment earnings offset of a retirement allowance for certain retirees of the State Retirement and Pension System that are reemployed in certain positions.
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Maryland 2020 Regular Session
State Prescription Drug Benefits - Retiree Benefits - Revisions [SB-884]
Altering the date on which the State shall discontinue certain prescription drug benefits to certain persons if a certain event occurs; altering the date by which the Department of Budget and Management is required to establish certain retiree prescription drug coverage programs; altering the eligibility criteria for participation in the retiree prescription drug coverage programs; etc.
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Maryland 2020 Regular Session
State Retirement and Pension System - Membership and Benefits [SB-960]
Prohibiting certain individuals who are members of the Employees' Pension System of the State Retirement and Pension System from becoming a member of the Optional Retirement Program of the State Retirement and Pension System on or after a certain date; prohibiting certain individuals from continuing membership in the Optional Retirement Program on or after a certain date; requiring certain individuals to resume participation as a member of the Employees' Pension System on a certain date; etc.
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Maryland 2020 Regular Session
Correctional Officers' Retirement System - Membership [SB-622]
Altering the membership of the Correctional Officers' Retirement System to include certain individuals serving in certain positions in the Department of Juvenile Services; providing for the calculation of a certain benefit from the Correctional Officers' Retirement System for individuals serving in certain positions on or before June 30, 2020; requiring the State Retirement Agency, on or before January 1, 2021, to notify the individuals who are affected by the Act of their right to transfer certain service credits; etc.
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Maryland 2020 Regular Session
Correctional Officers' Retirement System - Membership [HB-778]
Altering the membership of the Correctional Officers' Retirement System to include certain individuals serving in certain positions in the Department of Juvenile Services; providing for the calculation of a certain benefit from the Correctional Officers' Retirement System for individuals serving in certain positions on or before June 30, 2020; requiring the State Retirement Agency, on or before January 1, 2021, to notify the individuals who are affected by the Act of their right to transfer certain service credit; etc.
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Maryland 2020 Regular Session
State Retirement Agency – Monitoring and Recording of Automated Outgoing Telephone Calls – Authorization [HB-753]
Altering the authority of the Board of Trustees of the State Retirement and Pension System to adopt regulations to manage, for training and quality control purposes, the monitoring and recording of incoming telephone conversations to the Member Services division of the State Retirement Agency and to include outgoing telephone conversations initiated by a certain automated virtual hold callback feature of the automated system.
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Maryland 2020 Regular Session
State Police Retirement System and Law Enforcement Officers' Pension System - Member Contributions [SB-587]
Providing that members of the State Police Retirement System no longer make member contributions after 28 years of service credit is earned; and providing that certain members of the Law Enforcement Officers' Pension System no longer make member contributions after 32 years and 6 months of service credit is earned.
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Maryland 2020 Regular Session
Optional Retirement Program - Membership [HB-683]
Prohibiting certain individuals who are members of the Employees' Pension System of the State Retirement and Pension System from becoming a member of the Optional Retirement Program of the State Retirement and Pension System on or after July 1, 2020.
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Maryland 2020 Regular Session
State Retirement and Pension System - Military Service - Purchase of Credit [HB-633]
Authorizing certain individuals to purchase up to 5 years of service credit for certain military service; specifying the manner in which the service credit may be purchased; and specifying the cost of the service credit that may be purchased.
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Maryland 2020 Regular Session
Employees’ and Teachers’ Retirement and Pension Systems – Reemployment – Clarification [SB-489]
Clarifying that a reemployed retiree of the Employees' and Teachers' Retirement System or the Employees' and Teachers' Pension System is subject to a certain reduction in their retirement allowance if the retiree's compensation is derived from certain State funds; requiring the funding for a reemployed retiree's position to be funded from a non-State source that specifically requires the use of the grant funds to pay the full amount of the compensation of the position to qualify for a certain exemption; etc.
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Maryland 2020 Regular Session
State Retirement and Pension System – Death Benefits for Children [HB-634]
Altering certain provisions of law related to the time until which certain survivor benefits for surviving children of certain members of the State Retirement and Pension System are available; etc.
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Maryland 2020 Regular Session
Law Enforcement Officers' Pension System - Benefits [HB-659]
Altering the accrual rate from 2.0% to 2.5% for service earned on or after July 1, 2020, for calculating the retirement allowance for certain retirees of the Law Enforcement Officers' Pension System; and altering the maximum benefit that certain retirees of the Law Enforcement Officers' Pension System may receive, from 65% to 70% of the member's average final compensation.