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MD SB457
Bill
Status
5/20/2025
Primary Sponsor
Michael Jackson
Click for details
AI Summary
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State Retirement Agency must convene a workgroup to study requirements and processes for transferring member service credit between State and local retirement and pension systems
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Workgroup membership includes representatives from the State Retirement Agency, five county/city retirement systems (Baltimore City, Baltimore County, Howard County, Anne Arundel County, and Frederick County), AFSCME, and Department of Legislative Services
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Workgroup tasks include reviewing federal and State requirements for service credit transfers, identifying statutory inconsistencies and ambiguous provisions in Title 37 of the State Personnel and Pensions Article, and recommending legislative changes
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Report with findings and recommendations due to the Governor and General Assembly by December 1, 2025
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Act takes effect June 1, 2025 and automatically sunsets on June 30, 2026
Legislative Description
State Retirement and Pension System - Transfers Between Systems - Workgroup
Reports
Last Action
Approved by the Governor - Chapter 768
5/20/2025