State Government - Pensions And Retirement
Maryland 2023 Regular Session
State Retirement and Pension System - Earnable Compensation, Nonvested Former Members, and Immediate Vesting [SB-274]
Specifying that the definition of "earnable compensation" does not include certain payments; requiring the Board of Trustees for the State Retirement and Pension System to pay a nonvested former member's accumulated contributions to the nonvested former member's designated beneficiary or estate if the nonvested former member dies before withdrawing the member's contributions; providing a list of individuals who immediately vest on taking certain offices; etc.
Sponsored by: Sen. Michael Jackson
Approved By The Governor - Chapter 191 on 04/24/2023
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Gettr Maryland 2023 Regular Session
Law Enforcement Officers' Pension System - Frostburg City Police Department [SB-276]
Requiring membership in the Law Enforcement Officers' Pension System for local law enforcement officers of the Frostburg City Police Department under certain circumstances; providing that an individual is entitled to eligibility service and creditable service that was earned before the effective date of the Frostburg City Police Department's participation in the Law Enforcement Officers' Pension System; etc.
Sponsored by: Sen. Mike McKay
Approved By The Governor - Chapter 75 on 04/11/2023
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Maryland 2023 Regular Session
Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment [HB-296]
Requiring the State Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to implement an automatic enrollment arrangement for State employees who are hired on or after January 1, 2024; and requiring an eligible employer to deduct wages of an employee for contribution to a supplemental retirement plan in accordance with an automatic enrollment, unless the employee has elected to withdraw from or cease to contribute to the supplemental retirement plan.
Sponsored by: Rep. Tony Bridges
Hearing 2/14 At 1:00 P.m. on 01/31/2023
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Maryland 2023 Regular Session
Correctional Officers’ Retirement System – Special Death Benefits – Applicability [SB-244]
Authorizing an application for special death benefits to be made for the death of members of the Correctional Officers' Retirement System who were correctional officers who died by homicide after June 1, 2001, were members of the Correctional Officers' Retirement System, and whose death was determined to have arisen out of or in the course of the actual performance of the officers' duties.
Sponsored by: Sen. James Rosapepe
Approved By The Governor - Chapter 165 on 04/24/2023
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Maryland 2023 Regular Session
Law Enforcement Officers' Pension System - Benefits [SB-264]
Altering the accrual rate from 2.0% to 2.5% for service earned on or after July 1, 2023, for calculating the retirement allowance for certain retirees of the Law Enforcement Officers' Pension System; altering the maximum benefit that certain retirees of the Law Enforcement Officers' Pension System may receive, from 65% to 70% of the member's average final compensation; etc.
Sponsored by: Sen. Michael Jackson
Hearing 2/16 At 8:30 A.m. on 01/31/2023
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Maryland 2023 Regular Session
State Police Retirement System and Law Enforcement Officers' Pension System - Deferred Retirement Option Program - Alterations [HB-298]
Increasing the maximum number of years of eligibility service that certain members of the State Police Retirement System or Law Enforcement Officers' Pension System may have to participate in the Deferred Retirement Option Program (DROP) from 30 to 32; increasing the number of years that certain members of the State Police Retirement System or Law Enforcement Officers' Pension System may participate in the DROP from 5 to 7; and authorizing certain individuals to elect to extend their participation in the DROP.
Sponsored by: Rep. Tony Bridges
Referred Rules on 04/07/2023
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Maryland 2023 Regular Session
Correctional Officers' Retirement System - Special Death Benefits - Applicability [HB-240]
Authorizing an application for special death benefits to be made for the death of certain members of the Correctional Officers' Retirement System.
Sponsored by: Rep. Carl Anderton
Approved By The Governor - Chapter 164 on 04/24/2023
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Maryland 2023 Regular Session
State Retirement and Pension System - Vesting and Retirement Allowance - Clerk of the Court and Register of Wills [SB-204]
Establishing for a clerk of a circuit court and a register of wills vesting rights and a retirement allowance in the Employees' Pension System after accruing at least 8 years of eligibility service; etc.
Sponsored by: Sen. Michael Jackson
Hearing 3/23 At 1:00 P.m. on 03/20/2023
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Maryland 2023 Regular Session
Maryland Saves Data Sharing Act [SB-189]
Authorizing, subject to certain limitations, the disclosure of certain tax information to the Maryland Small Business Retirement Savings Board and its authorized contractors for the purpose of administering the Maryland Small Business Retirement Savings Program and Trust.
Sponsored by: Sen. James Rosapepe
Approved By The Governor - Chapter 338 on 05/03/2023
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Maryland 2023 Regular Session
Law Enforcement Officers' Pension System - Crisfield Police Department [HB-163]
Requiring membership in the Law Enforcement Officers' Pension System for certain local law enforcement officers of the Crisfield Police Department under certain circumstances; providing that a certain individual is entitled to eligibility service and creditable service that was earned before the effective date of the Crisfield Police Department's participation in the Law Enforcement Officers' Pension System; providing for the transfer of creditable service for a certain individual; etc.
Sponsored by: Rep. Charles Otto
Approved By The Governor - Chapter 72 on 04/11/2023
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Maryland 2023 Regular Session
State Police Retirement System and Law Enforcement Officers' Pension System - Deferred Retirement Option Program - Alterations [SB-139]
Increasing the maximum number of years of eligibility service that certain members of the State Police Retirement System or Law Enforcement Officers' Pension System may have to participate in the Deferred Retirement Option Program (DROP) from 30 to 32; increasing the number of years that certain members of the State Police Retirement System or Law Enforcement Officers' Pension System may participate in the DROP from 5 to 7; and authorizing certain individuals to elect to extend their participation in the DROP.
Sponsored by: Sen. James Rosapepe
Approved By The Governor - Chapter 400 on 05/03/2023
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Maryland 2023 Regular Session
Correctional Officers’ Retirement System – Talbot County [HB-10]
Requiring membership in the Correctional Officers' Retirement System for certain local detention center officers of Talbot County in the event Talbot County becomes a participating governmental unit in the Correctional Officers' Retirement System; and providing that certain local detention center officers who join the Correctional Officers' Retirement System and receive certain service credit shall no longer be members of the Employees' Pension System and shall have no further rights to any benefit in the Employees' Pension System.
Sponsored by: Rep. Christopher Adams
Approved By The Governor - Chapter 74 on 04/11/2023
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Maryland 2023 Regular Session
Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment - Study [SB-6]
Requiring the State Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to study options and develop recommendations to implement an automatic enrollment arrangement for certain State employees; and requiring the Board to report its findings and recommendations to the Joint Committee on Pensions on or before November 1, 2023.
Sponsored by: Sen. Cory McCray
Hearing Canceled on 04/04/2023
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Maryland 2023 Regular Session
Law Enforcement Officers - Compensation and Benefits - Study [SB-105]
Requiring the Governor's Office of Crime Prevention, Youth, and Victim Services to study and report on the compensation and benefits of law enforcement officers in the State; requiring certain units of State government to provide assistance to the Office by providing information necessary to conduct the study; and requiring the Office to submit its report to certain committees of the General Assembly on or before December 1, 2023.
Sponsored by: Sen. Michael Jackson
First Reading Budget And Taxation on 01/11/2023
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Maryland 2023 Regular Session
Disclosure of Tax Information – Maryland Small Business Retirement Savings Board – Authorization [HB-86]
Authorizing, subject to certain limitations, the disclosure of a business entity's federal employer identification number, name, physical address, mailing address, contact name, e-mail address, and phone number to the Maryland Small Business Retirement Savings Board and its authorized contractors for the purposes of administering the Maryland Small Business Retirement Savings Program and Trust.
Sponsored by: Rep. Lily Qi
Approved By The Governor - Chapter 337 on 05/03/2023
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Maryland 2023 Regular Session
Correctional Officers’ Retirement System – Talbot County [SB-82]
Requiring membership in the Correctional Officers' Retirement System for certain local detention center officers of Talbot County in the event Talbot County becomes a participating governmental unit in the Correctional Officers' Retirement System; and providing that certain local detention center officers who join the Correctional Officers' Retirement System and receive certain service credit shall no longer be members of the Employees' Pension System.
Sponsored by: Sen. Johnny Mautz
Approved By The Governor - Chapter 73 on 04/11/2023
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Maryland 2023 Regular Session
Law Enforcement Officers' Pension System - Crisfield Police Department [SB-68]
Requiring membership in the Law Enforcement Officers' Pension System for certain local law enforcement officers of the Crisfield Police Department under certain circumstances; providing that a certain individual is entitled to eligibility service and creditable service that was earned before the effective date of the Crisfield Police Department's participation in the Law Enforcement Officers' Pension System; providing for the transfer of creditable service for a certain individual; etc.
Sponsored by: Sen. Mary Carozza
Approved By The Governor - Chapter 71 on 04/11/2023
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Maryland 2022 Regular Session
State Retirement and Pension System - Divestment From Russia [HB-1482]
Requiring the Board of Trustees for the State Retirement and Pension System to review investment holdings in eligible accounts to determine the extent to which these funds are invested in Russia-restricted investments; requiring the Board of Trustees to take certain divestment actions; prohibiting the Board of Trustees from making certain new investments; providing certain immunities from liability for certain persons; requiring the Board of Trustees to act in good faith in taking certain actions in a certain manner; etc.
Sponsored by: Rep. Dana Stein
Vetoed By The Governor (duplicative) on 05/27/2022
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Maryland 2022 Regular Session
State Retirement and Pension System - Divestment From Russia [SB-1005]
Requiring the Board of Trustees for the State Retirement and Pension System to review investment holdings in certain eligible accounts to determine the extent to which funds are invested in Russia-restricted investments; requiring the Board of Trustees to take certain divestment actions; prohibiting the Board of Trustees from making certain new investments; providing certain immunities from liability for certain persons; requiring the Board of Trustees to act in good faith in taking certain actions in a certain manner; etc.
Sponsored by: Sen. Delores Kelley
Approved By The Governor - Chapter 343 on 05/12/2022
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Maryland 2022 Regular Session
Correctional Officers' Retirement System - Talbot County [HB-1476]
Requiring membership in the Correctional Officers' Retirement System for certain local detention center officers of Talbot County in the event Talbot County becomes a participating governmental unit in the Correctional Officers' Retirement System; and providing that certain local detention center officers who join the Correctional Officers' Retirement System and receive certain service credit shall no longer be members of the Employees' Pension System and shall have no further rights to any benefit in that Employees' Pension System.
Sponsored by: Sen. Johnny Mautz
Hearing Canceled on 04/03/2022