MD SB693

Replaces the fixed $25,000 threshold for reemployment earnings exemptions with the minimum annual salary on the standard State pay scale as of January 1 of the preceding calendar year, allowing the threshold to adjust automatically with pay scale changes.

Retirees whose average final compensation was below this threshold are exempt from reductions to their retirement allowance when they become reemployed on a permanent, temporary, or contractual basis.

Adds a new exemption for disability retirees whose average final compensation was below the minimum State pay scale threshold, exempting them from temporary suspension of their retirement allowance upon reemployment.

Applies to multiple retirement systems including the Employees' Retirement System, Employees' Pension System, and related programs under the State Personnel and Pensions Article.

Takes effect July 1, 2025; approved by Governor Wes Moore on May 20, 2025.