About 300 City of Hagerstown employees will have to wait another year for enhanced retirement benefits as a result of the Maryland General Assembly's decision not to include them in a benefits package approved for most state pension participants.
The enhanced state benefits for state employees and teachers will go into effect July 1 provided an actuarial analysis does not show the plan would result in significant unexpected costs, state Sen. Donald F. Munson said Wednesday.
The state's 98 local governments - county and municipal - were fighting internally over whether to join the improved pension system since some of them provide better benefits on their own, said Munson, R-Washington.
The bill approved by state legislators calls for a joint committee of the House of Delegates and Senate to conduct a study this summer on enhancing pension benefits for local governments participating in the state retirement system, Munson said. He said he will serve on that committee.