Maryland SB654 alters the State Police Retirement System, modifying eligibility for the Deferred Retirement Option Program (DROP) and retirement.
Maryland SB654 revises the State Police Retirement System, affecting eligibility for the Deferred Retirement Option Program (DROP) and retirement allowances. It specifies that members who began participating in DROP before June 1, 2026, and continue after this date are subject to new rules. The bill also outlines conditions for retirement, including age and years of service, and modifies the retirement allowance calculation. Additionally, it sets conditions for extending DROP participation and adjusts retirement allowances for certain retirees.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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