Maryland SB734 clarifies eligibility and participation requirements for governmental units in the State Retirement and Pension System.
Maryland SB734 clarifies the eligibility and participation requirements for governmental units in the State Retirement and Pension System. It specifies that eligible governmental units, including counties and municipal corporations, can participate in the Employees’ Pension System, Law Enforcement Officers’ Pension System, or Correctional Officers’ Retirement System under certain conditions. These conditions include member contribution rates, petition requirements, and legislative body approval.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.