PRINCE FREDERICK, Md. – Jan. 22, 2018 – The Calvert County Board of County Commissioners (BOCC) will hold two public hearings Jan. 23, 2018, to consider and receive comments on an amendment to the Calvert County Employee Retirement Plan and on the Calvert County Sheriff’s Office Pension Plan.
The hearings will begin at 10:30 a.m. at the Commissioners Hearing Room in the Calvert County Circuit Courthouse, located at 175 Main St. in Prince Frederick.
The amendments add a Deferred Retirement Option Program (DROP) under which an employee agrees to retire from county employment at the end of DROP participation. Employees enrolled in DROP consent to the calculation of retirement benefits as if the participant actually retired when DROP participation begins. They also consent to the accumulation, and delay, of payment of retirement benefits during the program and instead will receive a set sum of money credited to a separate account during each year of continued employment.
Citizens can view the resolution online. For additional information, contact the Calvert County Department of Human Resources at 410-535-1600, ext. 2802 or via email at email@example.com. Individuals who cannot attend the public hearing may submit written comments. These written comments must be received by 4:30 p.m., Jan. 22, 2018, and may be submitted by emailing COMMISS@calvertcountymd.gov or through the U.S. mail to the BOCC at 175 Main St., Prince Frederick, MD 20678.
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