MD SB1121 | 2024 | Regular Session
Note: Carry Over of previous SB264
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2024 - 25% progression, died in committee
Action: 2024-02-09 - First Reading Senate Rules
Pending: Senate Rules Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2024 - 25% progression, died in committee
Action: 2024-02-09 - First Reading Senate Rules
Pending: Senate Rules Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the accrual rate from 2.0% to 2.5% for service earned on or after July 1, 2024, for calculating the retirement allowance for certain retirees of the Law Enforcement Officers' Pension System; altering the maximum benefit that certain retirees of the Law Enforcement Officers' Pension System may receive, from 65% to 70% of the member's average final compensation; etc.
Title
Law Enforcement Officers' Pension System - Benefits
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-09 | Senate | First Reading Senate Rules |
Same As/Similar To
SB264 (Carry Over) 2023-01-31 - Hearing 2/16 at 8:30 a.m.
Subjects
Law Enforcement
Retirement
Salaries and Compensation
State Government - Pensions and Retirement
Time
Work, Labor, and Employment
Retirement
Salaries and Compensation
State Government - Pensions and Retirement
Time
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| State Personnel and Pensions | 26 | 204 | (n/a) | See Bill Text |
| State Personnel and Pensions | 26 | 401 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB1121?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb1121f.pdf |
