Bill > SB768

This bill clarifies and expands the membership of the Correctional Officers' Retirement System (CORS) by adding new categories of employees who will be included in the system. Specifically, the bill extends CORS membership to certain Maryland Department of Health employees working at specific facilities like Eastern Shore Hospital Center and Spring Grove Hospital Center, starting July 1, 2024, and adding additional positions like direct care trainees and developmental disability associates. The bill also provides detailed provisions for transferring service credits for employees who are moved into the CORS, including options for employees with existing service in other state retirement systems. Employees with creditable service before July 1, 2008, will have their service transferred to CORS by June 30, 2026, with an option to opt out, while those without such prior service will automatically have their service credit combined. The bill ensures that employees who are transferred will receive the most beneficial disability benefit calculation and takes effect on July 1, 2025, with certain provisions automatically expiring on June 30, 2026.

Budget and Finance

Pensions

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0768?ys=2025RS