ANNAPOLIS, Md. (AP) — Maryland Republican lawmakers are proposing some options to modernize the state pension system.
Legislation discussed Thursday would give employees the ability to move all retirement benefits to a new job after three years.
Sen. Andrew Serafini, a Washington County Republican, says the proposals are aimed at starting a conversation that Maryland needs to make changes to its pension system. He says the options would help create predictability and stop the state from digging deeper unfunded liabilities.