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MD HB1422

MD HB1422
State Police Retirement System - Deferred Retirement Option Program - Alterations


summary

Introduced
02/17/2022
In Committee
02/17/2022
Crossed Over
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 may have to participate in the Deferred Retirement Option Program (DROP) from 30 to 32 years. It also increases the maximum number of years that members can participate in the DROP from 5 to 7 years. The bill also authorizes certain individuals who were already participating in the DROP before July 1, 2022, to elect to extend their participation in the program, subject to certain limitations and requirements.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

First Reading House Rules and Executive Nominations (on 02/17/2022)

bill text


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