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SB 693

EnactedCrossfile HB 1033
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State Retirement and Pension System - Reemployment Earnings Limitations - Maximum Average Final Compensation

Sponsor: Carl Jackson (District 8)Committee: Budget and TaxationSubject: State Government - Pensions and RetirementStatus: Approved by the Governor - Chapter 775 (as of Dec 1, 2025)

What this bill does

Official synopsis

Clarifying that the maximum average final compensation that certain retirees of the State Retirement and Pension System is to be based on the minimum annual salary on the standard State pay scale as of January 1 of the preceding calendar year in order to be exempt from a certain reemployment earnings limitation; and adding an average final compensation reemployment exemption for the temporary suspension of a retirement allowance for disability retirees.

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Testimony (0)

MGA witness list
FAV 5Favorable
PositionWitnessOrganizationTestimony
FAVJackson, MichaelSenate of MarylandWritten (PDF)
FAVJackson, MichaelSenate of MarylandWritten (PDF)
FAVGawthrop, AnneState Retirement and Pension SystemOral + Written (PDF)
FAVSenator Jackson, M., Senator Jackson, M.legislatorIndividualOral
FAVSenator Jackson, Senator JacksonlegislatorIndividualOral

Organizations on record