State Pensions And Retirement
Maryland 2017 Regular Session
Employees' Pension System - Purchase of Credit for Eligibility Service - Legislative Employees [HB-817]
Altering the amount that a member of the Employees' Pension System who is considered to have been a specified legislative employee must pay to the Board of Trustees of the State Retirement and Pension System to purchase credit for eligibility service for a specified period of legislative employment; etc.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 274 on 04/18/2017
Spread the world
Gettr Maryland 2017 Regular Session
Correctional Officers' Retirement System - Membership [SB-664]
Altering the membership of the Correctional Officers' Retirement System to include specified individuals serving in specified positions in the Department of Public Safety and Correctional Services; providing that specified members of the Correctional Officers' Retirement System who meet specified criteria may receive a normal service retirement allowance that is based on specified creditable service; etc.
Sponsored by: Sen. Roger Manno
Approved By The Governor - Chapter 690 on 05/25/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - Small Procurements - Medical Evaluations for Disability Retirement Benefits [HB-823]
Increasing from $25,000 to $50,000 the maximum threshold amount for a small procurement by the State Retirement Agency for an independent medical evaluation by a physician and specified related testimony for purposes of disability retirement benefits.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 83 on 04/11/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - Military Service Credit - Eligibility [SB-598]
Altering the criteria used to determine the eligibility of specified members of the State Retirement and Pension System to receive service credit for military service so as to authorize specified legislative employment to be counted in specified service credit earned through employment.
Sponsored by: Sen. Guy Guzzone
Hearing 2/16 At 9:00 A.m. on 02/16/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - State Employees and Teachers - Benefits [SB-602]
Altering specified local employer contributions for members of the Teachers' Pension System; establishing a State Employees' and Teachers' Integrated Pension System and a State Employees' and Teachers' Integrated Pension System Savings Plan for individuals who are members of the Employees' Pension System or the Teachers' Pension System on or after July 1, 2018; etc.
Sponsored by: Sen. Bob Cassilly
Hearing 3/02 At 8:30 A.m. on 03/02/2017
Spread the world
Maryland 2017 Regular Session
State Retirement Choice for the 21st Century Workforce [HB-748]
Establishing the State Retirement Choice Plan; authorizing specified individuals who are employed by specified participating employers on or after July 1, 2018, to become members of the State Retirement Choice Plan; prohibiting specified individuals from electing to participate in the State Retirement Choice Plan; requiring specified individuals to be enrolled in the Employees' Pension System if a specified election is not made; requiring the Board of Trustees for the State Retirement and Pension System to adopt regulations; etc.
Sponsored by: Rep. Meagan Simonaire
Unfavorable Report By Appropriations on 04/10/2017
Spread the world
Maryland 2017 Regular Session
Study of Retirement Plan Alternatives [SB-540]
Requiring the Department of Legislative Services to examine potential retirement plan options that may be offered to employees as an alternative to specified defined benefit pension plans; requiring the study to include specified elements; requiring the Department of Legislative Services to report its findings and recommendations to the Joint Committee on Pensions on or before December 1, 2017; etc.
Sponsored by: Sen. Stephen Hershey
Unfavorable Report By Appropriations on 04/10/2017
Spread the world
Maryland 2017 Regular Session
Collective Bargaining - Firefighters - Martin State Airport [SB-515]
Making specified provisions of law that relate to collective bargaining for State employees apply to firefighters for the Martin State Airport at the rank of captain or below who are employed by the Military Department; and altering specified provisions of law that relate to collective bargaining for specified firefighters for the Martin State Airport
Sponsored by: Sen. Thomas Middleton
Approved By The Governor - Chapter 182 on 04/18/2017
Spread the world
Maryland 2017 Regular Session
State Employees and Teachers - Cash Balance Plan [SB-486]
Establishing a cash balance plan under the State Retirement and Pension System; requiring that individuals who on June 30, 2018, are members of specified pension systems become members of the cash balance plan on July 1, 2018; requiring that individuals who are employed on or after July 1, 2018, by participating employers become members of the cash balance plan; requiring the Board of Trustees of the State Retirement and Pension System to administer the cash balance plan; etc.
Sponsored by: Sen. Stephen Hershey
Hearing 2/16 At 9:00 A.m. on 02/16/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - Small Procurements - Medical Evaluations for Disability Retirement Benefits [SB-448]
Increasing from $25,000 to $50,000 the maximum threshold amount for a small procurement by the State Retirement Agency for an independent medical evaluation by a physician and specified related testimony for purposes of disability retirement benefits.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 82 on 04/11/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - Guaranteed Retirement Income Plan and Retirement Savings Plan [SB-478]
Altering specified local employer contributions for members of the Teachers' Pension System; establishing a guaranteed retirement income plan and a retirement savings plan under the State Retirement and Pension System; requiring that members of the Employees' Pension System or the Teachers' Pension System elect to become members of the guaranteed retirement income plan or the retirement savings plan by June 15, 2018; etc.
Sponsored by: Sen. Justin Ready
Hearing 2/16 At 9:00 A.m. on 02/16/2017
Spread the world
Maryland 2017 Regular Session
Employees' Pension System - Purchase of Credit for Eligibility Service - Legislative Employees [SB-399]
Altering the amount that a member of the Employees' Pension System who is considered to have been a specified legislative employee must pay to the Board of Trustees of the State Retirement and Pension System to purchase credit for eligibility service for a specified period of legislative employment; etc.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 273 on 04/18/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - Membership Elections [SB-401]
Limiting optional membership in the Employees' Pension System to individuals who have not previously been a member of a specified pension and retirement program or who have not had specified previous employment; authorizing an eligible governmental unit that does not satisfy specified requirements to participate in the Law Enforcement Officers' Pension System to submit a request to participate to the Board of Trustees; requiring the Board to consider specified requests and make specified recommendations; etc.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 271 on 04/18/2017
Spread the world
Maryland 2017 Regular Session
Workgroup to Study the Optional Retirement Program [SB-356]
Establishing the Workgroup to Study the Optional Retirement Program; providing for the composition, chair, and staffing of the Workgroup; prohibiting a member of the Workgroup from receiving specified compensation; requiring the Workgroup to study and make recommendations on specified matters and to report its findings to the Governor and the General Assembly on or before December 1, 2017; etc.
Sponsored by: Sen. Bob Cassilly
Unfavorable Report By Appropriations on 04/10/2017
Spread the world
Maryland 2017 Regular Session
Optional Retirement Program - Annuity Contracts - Employee Rights [HB-304]
Repealing a requirement that annuity contracts purchased under the optional retirement program shall be issued to and become the property of participating employees of the program; clarifying that the rights of participating employees who purchase annuity contracts under the program are fully vested and not subject to forfeit; authorizing a participating employee in the optional retirement program to select specified annuity contracts for the transfer of existing balances; applying the Act prospectively; etc.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 527 on 05/04/2017
Spread the world
Maryland 2017 Regular Session
Optional Retirement Program - Annuity Contract Providers [HB-328]
Repealing a default inclusion as an optional retirement program annuity contract provider of a company designated by a governing board of an employing institution on or before a specified date; altering the definition of "designated company" to mean one that is designated by the Board of Trustees; and providing the Board of Trustees may designate not more than five companies from which annuity contracts are to be purchased under the program.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 276 on 04/18/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - Disability Retirement and Workers' Compensation Benefits - Offsets [HB-344]
Exempting ordinary disability retirement benefits from the requirement to be offset by related workers' compensation benefits; repealing the requirement for the Board of Trustees for the State Retirement and Pension System to reduce accidental or special disability retirement benefits by related workers' compensation benefits; and requiring the Workers' Compensation Commission to reduce workers' compensation benefits by related accidental or special disability retirement benefits under specified circumstances.
Sponsored by: Rep. Brooke Lierman
Unfavorable Report By Economic Matters; Withdrawn on 03/14/2017
Spread the world
Maryland 2017 Regular Session
Optional Retirement Program - Annuity Contracts - Employee Rights [SB-353]
Repealing a requirement that annuity contracts purchased under the optional retirement program shall be issued to and become the property of participating employees of the program; clarifying that the rights of participating employees who purchase annuity contracts under the program are fully vested and not subject to forfeit; authorizing a participating employee in the optional retirement program to select specified annuity contracts for the transfer of existing balances; applying the Act prospectively; etc.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 528 on 05/04/2017
Spread the world
Maryland 2017 Regular Session
State Retirement and Pension System - Authority to Arrange Custody of Investments and Procurement Exemption [SB-255]
Exempting from specified procurement law expenditures made by the Board of Trustees for the State Retirement and Pension System for the safe custody, domestic or global, of investments of the State Retirement and Pension System; transferring the authority to arrange for the safe custody, domestic or global, of investments from the State Treasurer to the Board of Trustees; providing for the prospective application of the Act; etc.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 267 on 04/18/2017
Spread the world
Maryland 2017 Regular Session
Employees' and Teachers' Pension Systems - Reformed Contributory Pension Benefit - Service Credit Purchase Clarification [SB-256]
Clarifying that a member of the Employees' Pension System or the Teachers' Pension System who is subject to the Reformed Contributory Pension Benefit is eligible to purchase service credit for a specified period of employment under specified circumstances.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 269 on 04/18/2017