MD SB734

Eligible governmental units participating in the Employees' Pension System, Law Enforcement Officers' Pension System, or Correctional Officers' Retirement System must make enrollment available to all eligible employees, not just some employees

Employees who do not complete election forms indicating whether they intend to participate or opt out are automatically deemed to have elected to participate in the applicable pension system

Appointing authorities must submit an affidavit to the State Retirement Agency for any employee who fails to submit required documentation, including the employee's name and the date the election form was provided

Local employer quarterly payment deadline changes from April 1 to April 16 for contributions to the Board of Trustees

Delinquent county governments must pay interest at 7.75% per year on late pension contributions, with the State Comptroller authorized to withhold amounts from funds due to the delinquent government