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MD SB239
MD SB239Correctional Officers' Retirement System - Redeposit of Accumulated Contributions - Alterations
summary
Introduced
01/15/2026
01/15/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Authorizing a member of the Correctional Officers' Retirement System to receive certain service credit on the redeposit of contributions from the Employees' Pension System or the Teachers' Pension System.
AI Summary
This bill allows a member of the Correctional Officers' Retirement System (CORS) to regain service credit for prior employment if they choose to redeposit, or repay, any contributions they previously withdrew from either the Employees' Pension System (EPS) or the Teachers' Pension System (TPS), in addition to the existing option of redepositing from the Correctional Officers' Retirement System (CORS) or the Employees' Retirement System (ERS). This redeposit must be made in a single payment and include the withdrawn contributions plus regular interest calculated up to the date of repayment, enabling individuals to count that past service towards their retirement benefits within the CORS.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
First Reading Budget and Taxation (on 01/15/2026)
bill text
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0239?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/sb/sb0239f.pdf |
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