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Maryland Panel Recommends Sweeping Retirement Benefit Changes for Public Employees
PLANSPONSOR
Dec. 22, 2010
Excerpt: Maryland state workers would have to work for 15 years instead of the current five to become eligible for pension or retiree health care benefits, according to new recommendations from a study panel. An Associated Press news report said the Public Employees' & Retirees' Benefit Sustainability Commission is also recommending that state employees would have to spend 25 years working for the state, instead of 16 years, to receive the maximum retiree health care premium subsidy and put in 10 years instead of five to become pension vested.
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