Bill > HB1250

This bill requires the State Retirement Agency to conduct a detailed fiscal analysis of the potential impact of teacher salary increases on employer contribution rates for the Teachers' Retirement and Pension Systems. Specifically, the agency must estimate how base salary increases and career ladder salary increases (as outlined in § 6-1009 of the Education Article) will affect employer contribution rates from fiscal years 2027 through 2032, using fiscal year 2026 budgeted salaries as the baseline for cost calculations. The agency is mandated to prepare and submit a comprehensive report to the General Assembly by December 15, 2025, detailing these potential impacts. This analysis will help lawmakers understand the long-term financial implications of proposed teacher salary increases on the state's retirement systems. The bill will take effect on July 1, 2025, giving the State Retirement Agency time to prepare the required report and conduct the necessary financial projections.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1250?ys=2025RS