We graciously entered state service knowing private industry pays more, but the long-term outlook of promised retirement benefits gave us peace of mind. We have endured under-staffing and slow wage increases, yet remained committed to servicing the State of Maryland. Now our benefits have been reduced and our retirement security has been threatened with the new Prescription Drug Plan.
To add insult to injury state employees are being asked to make life decision based on uncertainties and inadequate information. It is impossible to make an informed decision on retiring before Dec. 31st when:
(a) drug coverage may or may not take effect in 2021
(b) current legislation will possibly be amended further
(c) litigation on SB 946 may continue for years