Maryland HB312 alters the Correctional Officers' Retirement System to allow redeposit of contributions with service credit.
Maryland HB312 modifies the Correctional Officers' Retirement System to allow members who previously withdrew their contributions to redeposit them while receiving service credit for their previous employment. This bill repeals and reenacts provisions in the Annotated Code of Maryland, ensuring that members who redeposit their contributions from the Employees’ Pension System or the Teachers’ Pension System can receive service credit for their prior employment periods. The changes take effect on January 1, 2026.
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