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Bill > HB1049
MD HB1049
MD HB1049State Police Retirement System - Deferred Retirement Option Program - Alterations
summary
Introduced
02/07/2018
02/07/2018
In Committee
03/23/2018
03/23/2018
Crossed Over
03/08/2018
03/08/2018
Passed
03/27/2018
03/27/2018
Dead
Signed/Enacted/Adopted
05/15/2018
05/15/2018
Introduced Session
2018 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) to 30; increasing the number of years that certain members of the State Police Retirement System may participate in the DROP; authorizing certain individuals, subject to certain limitations and requirements, to elect to extend their participation in the DROP; etc.
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 28 to 30 years. It also increases the maximum number of years that certain members may participate in the DROP from 4 to 5 years. Additionally, the bill authorizes individuals who were already participating in the DROP before July 1, 2018, to elect to extend their participation by the lesser of the difference between 5 years and the number of years they initially elected to participate, or the difference between 30 years of eligibility service and the total amount of eligibility service they had accrued when they joined the DROP, as long as this extension does not result in them terminating the DROP at an age older than 60.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Approved by the Governor - Chapter 725 (on 05/15/2018)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1049?ys=2018rs |
| State Bill Page | http://mgaleg.maryland.gov/webmga/frmMain.aspx?id=hb1049&stab=01&pid=billpage&tab=subject3&ys=2018rs |
| BillText | http://mgaleg.maryland.gov/2018RS/Chapters_noln/CH_725_hb1049t.pdf |
| Vote Image | http://mgaleg.maryland.gov/2018RS/votes_comm/hb1049_b&t.pdf |
| Veto Letter | http://mgaleg.maryland.gov/2018RS/votes/House/0255.pdf |
| House Amendment (Appropriations) 344269/01 | http://mgaleg.maryland.gov//2018RS/amds/bil_0009/hb1049_34426901.pdf |
| BillText | http://mgaleg.maryland.gov/2018RS/bills/hb/hb1049t.pdf |
| Vote Image | http://mgaleg.maryland.gov/2018RS/votes_comm/hb1049_app.pdf |
| Fiscal Note/Analysis | http://mgaleg.maryland.gov/2018RS/fnotes/bil_0009/hb1049.pdf |
| BillText | http://mgaleg.maryland.gov/2018RS/bills/hb/hb1049f.pdf |
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