Bill > H2849

This bill amends state retirement law to provide veterans who have served on the State Staff for the previous three years with the ability to make up past retirement contributions related to housing and subsistence allowances. Specifically, the bill allows veterans to pay an additional amount equal to ten percent of their previous housing or subsistence allowances that were not originally included in their compensation calculations for retirement purposes. This provision aims to help veterans receive more comprehensive credit for their full compensation when calculating their retirement benefits, recognizing that some forms of military compensation (like housing allowances) may have been previously excluded from retirement calculations. By allowing veterans to make these makeup payments, the bill seeks to ensure that veterans are more fully compensated for their public service across both military and state staff roles.

Labor and Employment

https://malegislature.gov/Bills/194/H2849