Bill

Bill > SB346


MD SB346

MD SB346
State Police Retirement System and Law Enforcement Officers' Pension System - Deferred Retirement Option Program - Alterations


summary

Introduced
01/21/2022
In Committee
03/29/2022
Crossed Over
03/29/2022
Passed
Dead
04/11/2022

Introduced Session

2022 Regular Session

Bill Summary

Increasing the maximum number of years of eligibility service that certain members of the State Police Retirement System may have to participate in the Deferred Retirement Option Program (DROP) from 30 to 32; increasing the number of years that certain members of the State Police Retirement System may participate in the DROP from 5 to 7; and authorizing certain individuals, subject to certain limitations and requirements, to elect to extend their participation in the DROP.

AI Summary

This bill increases the maximum number of years of eligibility service that certain members of the State Police Retirement System and Law Enforcement Officers' Pension System may have to participate in the Deferred Retirement Option Program (DROP) from 30 to 32 years. It also increases the maximum duration of participation in the DROP from 5 to 7 years for these members, and allows eligible individuals to elect to extend their participation in the DROP, subject to certain limitations and requirements.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

Referred Rules and Executive Nominations (on 03/29/2022)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...