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SB 489

Enacted
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Employees’ and Teachers’ Retirement and Pension Systems – Reemployment – Clarification

Sponsor: Senator PetersCommittee: Budget and TaxationSubject: State Pensions and RetirementStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 561 (as of Nov 6, 2020)

What this bill does

Official synopsis

Clarifying that a reemployed retiree of the Employees' and Teachers' Retirement System or the Employees' and Teachers' Pension System is subject to a certain reduction in their retirement allowance if the retiree's compensation is derived from certain State funds; requiring the funding for a reemployed retiree's position to be funded from a non-State source that specifically requires the use of the grant funds to pay the full amount of the compensation of the position to qualify for a certain exemption; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (2)

MGA witness list
FAV 2Favorable
PositionWitnessOrganizationTestimony
FAVgawthrop, annestate retirementPosition only
FAVSenator Peters, Senator PeterslegislatorIndividualPosition only

Organizations on record