Day: January 4, 2010

Retired lawmakers could benefit from General Assembly raises

About 250 retired legislators and their spouses, most over 70, are keenly interested in what the commission reviewing the legislature’s entire compensation package decides Tuesday morning.

Their pensions are directly tied to what lawmakers make now and in future years.

Maryland legislators are the second-highest paid part-time lawmakers in the country, but their salaries have been frozen at $43,500 per year since 2006. That also means that retired legislators and their beneficiaries have not gotten a raise either.

Analysis: Employee retirement costs loom in 2010

The new year starts, as usual, with unfinished business for state government.

We’ll find out in about two weeks how Gov. Martin O’Maley plans to fill a $2 billion projected deficit for next year.

Those decisions on how to keep agencies and programs running almost certainly will not include any solution to Maryland’s long-term financial liabilities – largely pensions and retiree health benefits.

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