State Pensions And Retirement
Maryland 2013 Regular Session
Task Force to Study Phased Retirement for Maryland State Employees [SB-800]
Establishing the Task Force to Study Phased Retirement for Maryland State Employees; providing for the composition, chair, and staffing of the Task Force; requiring the Task Force to study and make recommendations regarding a phased retirement option for experienced State employees; requiring the Task Force to report its findings and recommendations to the Governor and the General Assembly on or before December 1, 2013; etc.
Sponsored by: Sen. Verna Jones-Rodwell
Hearing 3/13 At 1:00 P.m. on 03/13/2013
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Gettr Maryland 2013 Regular Session
State Police Retirement System - Reemployment of Retirees [SB-751]
Clarifying the applicability of specified requirements for an offset from specified retirement allowances from the State Police Retirement System for specified individuals who accept employment with specified participating employers; extending a termination provision that applies to specified provisions that relate to the reemployment of retirees of the State Police Retirement System; etc.
Sponsored by: Sen. James Robey
Vetoed By The Governor (duplicative) on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Board of Trustees [SB-741]
Adding a trustee to the Board of Trustees for the State Retirement and Pension System to represent the interests of county governments; establishing the qualifications of the trustee; and requiring that the Governor appoint the trustee, who may be from a list submitted by the Maryland Association of Counties.
Sponsored by: Sen. Verna Jones-Rodwell
Approved By The Governor - Chapter 534 on 05/16/2013
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Maryland 2013 Regular Session
Employees' Pension System - Elected or Appointed Officials - Membership [SB-674]
Prohibiting specified individuals who are serving in specified elected or appointed positions from being members of the Employees' Pension System while serving in the positions.
Sponsored by: Sen. Jim Mathias
Approved By The Governor - Chapter 522 on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Employment of Retirees - Required Break in Service [SB-477]
Prohibiting specified retired members of the State Retirement and Pension System from being employed on a permanent, temporary, or contractual basis by specified employers within 45 days of the date the individual retired; deleting obsolete provisions; making clarifying changes; providing for the effective date of specified provisions of the Act; and providing for the termination of specified provisions of the Act.
Sponsored by: Sen. Verna Jones-Rodwell
Approved By The Governor - Chapter 479 on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Unused Sick Leave Calculation - Clarification [SB-476]
Clarifying the calculation used by the Board of Trustees for the State Retirement and Pension System to determine the amount of creditable service a member of the State Retirement and Pension System is eligible to receive for unused sick leave at retirement.
Sponsored by: Sen. Verna Jones-Rodwell
Approved By The Governor - Chapter 477 on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Administrative and Operational Expenses - Payments and Deductions [SB-475]
Repealing the requirement to reduce specified amounts the Governor is required to include in the budget bill for payment to the State Retirement and Pension System by the amount of administrative and operational expenses for the Board of Trustees and the State Retirement Agency paid by specified local employers; and repealing the authorization for specified local employers to deduct specified amounts from specified required employer contributions.
Sponsored by: Sen. Verna Jones-Rodwell
Hearing 2/21 At 8:30 A.m. on 02/21/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Funding Method and Amortization of Unfunded Liabilities or Surpluses [SB-474]
Altering the amortization periods to be used for unfunded liabilities or surpluses of the State Retirement and Pension System; clarifying the application of a specified amortization period to specified changes; and phasing out a specified method for determining employer contribution rates for the employees' and teachers' retirement and pension systems.
Sponsored by: Sen. Verna Jones-Rodwell
Approved By The Governor - Chapter 475 on 05/16/2013
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Maryland 2013 Regular Session
Employees' Pension System - Somerset County Economic Development Commission - Eligible Governmental Unit [SB-470]
Adding the Somerset County Economic Development Commission as an eligible governmental unit in the Employees' Pension System; providing that specified individuals are subject to the alternate contributory pension benefit in the Employees' Pension System in the same manner as other specified individuals; and providing specified employees of the Somerset County Economic Development Commission a specified amount of additional service credit in the Employees' Pension System.
Sponsored by: Sen. Jim Mathias
Approved By The Governor - Chapter 472 on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Correction of Errors in Benefits [SB-269]
Altering the conditions under which the Board of Trustees for the State Retirement and Pension System is required to correct an error that results in a retiree or beneficiary receiving a benefit that differs from the benefit the retiree or beneficiary is entitled to receive.
Sponsored by: Sen. Verna Jones-Rodwell
Approved By The Governor - Chapter 220 on 05/02/2013
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Maryland 2013 Regular Session
Maryland Private Sector Employees Pension Plan Task Force [SB-1051]
Establishing the Maryland Private Sector Employees Pension Plan Task Force; requiring the Task Force to study and make recommendations regarding the implementation of a private sector employees pension plan and to report its findings to the Governor and the General Assembly on or before December 31, 2013; etc.
Sponsored by: Sen. James Rosapepe
Third Reading Passed (33-14) on 04/04/2013
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Maryland 2013 Regular Session
State Police Retirement System - Reemployment of Retirees [HB-902]
Clarifying the applicability of requirements for an offset from retirement allowances from the State Police Retirement System for specified individuals who accept employment with participating employers; extending a termination provision that applies to provisions that relate to the reemployment of retirees of the State Police Retirement System; etc.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 649 on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension Systems - Cost-of-Living Adjustments - Simplification and Clarification [HB-852]
Clarifying the calculation of cost-of-living adjustments for specified State retirement or pension systems; clarifying the applicability of specified cost-of-living adjustments to specified State retirement or pension systems and to specified participants in those systems; consolidating provisions relating to cost-of-living adjustments that apply to all of the cost-of-living adjustments; declaring the intent of the General Assembly that the purpose of the Act is to clarify, and not to substantively alter benefits; etc.
Sponsored by: Sen. Melony Griffith
Approved By The Governor - Chapter 551 on 05/16/2013
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Maryland 2013 Regular Session
Prudent Pension Management Act [HB-819]
Prohibiting the State or a county or municipality from issuing specified bonds or other evidences of obligation for the purpose of funding specified pension liabilities; prohibiting the Board of Trustees for the State Retirement and Pension System or the trustees or other officers in charge of specified local pension or retirement systems or funds from investing more than 10% of specified assets in specified alternative investments; etc.
Sponsored by: Rep. Nicholaus Kipke
Hearing 3/12 At 1:00 P.m. on 03/12/2013
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Maryland 2013 Regular Session
State Employees Pension Choice Act [HB-780]
Providing that specified employees are not members of the Employees' Pension System or the Teachers' Pension System of the State Retirement and Pension System if the employees make an election to join the optional retirement program of the State Retirement and Pension System; requiring that specified participating employers provide specified employees with the opportunity to participate in the optional retirement program; etc.
Sponsored by: Rep. Nicholaus Kipke
Unfavorable Report By Appropriations on 03/20/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Service Credit for Unused Sick Leave [HB-718]
Making specified members of the State Retirement and Pension System eligible to receive creditable service at retirement for the total amount of unused sick leave accrued by the member in specified systems in the State Retirement and Pension System under specified circumstances; providing for the calculation of the creditable service for unused sick leave accrued by a member in a specified system; and requiring the Department of Legislative Services to provide a specified report on or before December 1, 2013.
Sponsored by: Sen. Andrew Serafini
Vetoed By The Governor (duplicative) on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Funding Method and Amortization of Unfunded Liabilities or Surpluses [HB-496]
Altering the amortization periods to be used for unfunded liabilities or surpluses of the State Retirement and Pension System; clarifying the application of a specified amortization period to specified changes; and phasing out a specified method for determining employer contribution rates for the employees' and teachers' retirement and pension systems.
Sponsored by: Sen. Melony Griffith
Approved By The Governor - Chapter 476 on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Unused Sick Leave Calculation - Clarification [HB-495]
Clarifying the calculation used by the Board of Trustees for the State Retirement and Pension System to determine the amount of creditable service a member of the State Retirement and Pension System is eligible to receive for unused sick leave at retirement.
Sponsored by: Sen. Melony Griffith
Approved By The Governor - Chapter 478 on 05/16/2013
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Maryland 2013 Regular Session
State Retirement and Pension System - Employment of Retirees - Required Break in Service [HB-494]
Prohibiting specified retired members of the State Retirement and Pension System from being employed on a permanent, temporary, or contractual basis by specified employers within 45 days of the date the individual retired; deleting obsolete provisions; making clarifying changes; providing for the effective date of specified provisions of the Act; and providing for the termination of specified provisions of the Act.
Sponsored by: Sen. Melony Griffith
Approved By The Governor - Chapter 480 on 05/16/2013
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Maryland 2013 Regular Session
Employees' Pension System - Somerset County Economic Development Commission - Eligible Governmental Unit [HB-492]
Adding the Somerset County Economic Development Commission as an eligible governmental unit in the Employees' Pension System; providing that specified individuals are subject to the alternate contributory pension benefit in the Employees' Pension System in the same manner as specified other individuals; etc.
Sponsored by: Rep. Charles Otto
Approved By The Governor - Chapter 473 on 05/16/2013