Members of the General Assembly who voted on new prescription drug plans for retirees saw them as a way to save the state money. But some retirees say the changes could be financially devastating.
Read MoreMore states enacted major legislation changing retirement benefits for their employees in 2010 than in any year in recent times, a national pension expert told Thursday’s first meeting of a new commission set up to help Maryland join the crowd.
Nineteen states passed major pension legislation in 2010, said Ron Snell of the National Conference of State Legislatures, who has been following state pension issues for decades. “There has never been a year in which state legislatures have been active so much,” Snell told the newly created Public Employees’ and Retirees’ Benefit Sustainability Commission.
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