State Pensions And Retirement
Maryland 2019 Regular Session
Supplemental Retirement Plans - Investments - Procurement of Investment Management Services [HB-469]
Requiring the Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to make arrangements for the safe custody of investments with one or more duly qualified custodian banks or trust companies; and exempting certain agreements with managers and custodians of assets in certain investment elections authorized under the statements of investment policy adopted by the Board from certain provisions of the procurement law.
Sponsored by: Rep.
Approved By The Governor - Chapter 273 on 04/30/2019
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Gettr Maryland 2019 Regular Session
State Retirement and Pension System - Military Service Credit [HB-430]
Repealing a certain prohibition on receiving credit in the State Retirement and Pension System for certain military service.
Sponsored by: Rep. Dan Cox
Unfavorable Report By Appropriations on 03/11/2019
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Maryland 2019 Regular Session
Correctional Officers' Retirement System - Membership - Chaplains [HB-29]
Altering the membership of the Correctional Officers' Retirement System to include Department of Public Safety and Correctional Services employees in the position of chaplain on or after July 1, 2019; requiring a certain transfer and combination of certain service credit for certain individuals; requiring the Board of Trustees for the State Retirement and Pension System to calculate a certain disability benefit for certain individuals and to grant a certain benefit under certain circumstances; etc.
Sponsored by: Sen. Mike McKay
Hearing 1/29 At 1:00 P.m. on 01/22/2019
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Maryland 2019 Regular Session
Correctional Officers' Retirement System - Membership [HB-283]
Altering the membership of the Correctional Officers' Retirement System to include Department of Public Safety and Correctional Services employees in certain positions on or after July 1, 2019; requiring a certain transfer and combination of certain service credit for certain individuals; requiring the Board of Trustees for the State Retirement and Pension System to calculate a certain disability benefit for certain individuals and to grant a certain benefit under certain circumstances; etc.
Sponsored by: Rep.
Hearing Canceled on 01/30/2019
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Maryland 2019 Regular Session
Optional Retirement Program - Regulations [HB-267]
Requiring the Board of Trustees for the State Retirement and Pension System to adopt and maintain a written plan document for the optional retirement program; and authorizing the Board of Trustees to adopt certain regulations.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 207 on 04/18/2019
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Maryland 2019 Regular Session
State Retirement and Pension System - Designated Beneficiary Change - Rescission [HB-266]
Authorizing certain retirees of the State Retirement and Pension System to rescind a request to change a designated beneficiary by sending certain notice to the State Retirement Agency before a certain allowance payment normally becomes due; and allowing a retiree who rescinds a certain change of designated beneficiary in a timely manner to receive the allowance payable prior to the change of designated beneficiary, without a certain retroactive adjustment.
Sponsored by: Rep. Ben Barnes
Vetoed By The Governor (duplicative) on 05/24/2019
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Maryland 2019 Regular Session
Alternate Contributory Pension Selection - Return to Employment [HB-265]
Allowing an individual to resume participation in the Alternate Contributory Pension Selection in the Employees' Pension System or Teachers' Pension System if the individual has been separated from employment and has accrued a certain amount of eligibility service; providing for the retroactive application of the Act; requiring certain service credit earned in the Reformed Contributory Pension Benefit to be credited to the Alternate Contributory Pension Selection; etc.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 205 on 04/18/2019
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Maryland 2019 Regular Session
Upper Potomac River Commission - Pension Plans [HB-1410]
Authorizing certain trustees or officers of the Upper Potomac River Commission to invest and reinvest certain money in their custody or control in accordance with rules or procedures established by the Commission; requiring any pension plan controlled by the Commission on or after July 1, 2019, to adhere to the principles incorporated in the Uniform Management of Public Employee Retirement Systems Act that address the investment and management of funds for a public pension system; and applying the Act prospectively.
Sponsored by: Rep. Wendell Beitzel
Approved By The Governor - Chapter 363 on 04/30/2019
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Maryland 2019 Regular Session
Correctional Officers' Retirement System - Membership - Maintenance Employees [HB-1383]
Altering the membership of the Correctional Officers' Retirement System to include certain individuals in certain positions in the Department of Public Safety and Correctional Services on or after July 1, 2019; requiring a certain transfer and combination of certain service credit for certain individuals; requiring the Board of Trustees for the State Retirement and Pension System to calculate a certain disability benefit for certain individuals and to grant a certain benefit under certain circumstances; etc.
Sponsored by: Sen. Michael Jackson
First Reading House Rules And Executive Nominations on 02/21/2019
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Maryland 2019 Regular Session
Optional Retirement Program - Membership [HB-1379]
Prohibiting certain individuals who are members of the Employees' Pension System of the State Retirement and Pension System from becoming a member of the Optional Retirement Program of the State Retirement and Pension System on or after February 1, 2015.
Sponsored by: Rep. Ben Barnes
Approved By The Governor - Chapter 348 on 04/30/2019
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Maryland 2019 Regular Session
Law Enforcement Officers' Pension System - Benefits [HB-1299]
Altering the accrual rate to 2.5% for service earned on or after July 1, 2019, for calculating the retirement allowance for certain retirees of the Law Enforcement Officers' Pension System; and altering from 65% to 70% the maximum benefit that certain retirees of the Law Enforcement Officers' Pension System may receive.
Sponsored by: Sen. Michael Jackson
First Reading House Rules And Executive Nominations on 02/14/2019
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Maryland 2019 Regular Session
Military Service Credit - Eligibility [HB-1133]
Authorizing certain members of the State Retirement and Pension System to receive credit for certain military service if the member receives military service credit in another retirement system.
Sponsored by: Rep. Eric Bromwell
Hearing 2/28 At 1:00 P.m. on 02/11/2019
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Maryland 2019 Regular Session
State Prescription Drug Benefits - Retiree Benefits - Revisions [HB-1120]
Authorizing retirees who participate in a certain prescription drug benefit plan to elect to have a spouse or dependent child covered under a certain State plan; requiring the Department of Budget and Management, on or before January 1, 2020, to establish the Maryland State Retiree Prescription Drug Coverage Program that reimburses participants for out-of-pocket costs that exceed certain limits; requiring the Department to establish a Maryland State Retiree Life-Sustaining Prescription Drug Assistance Program; etc.
Sponsored by: Rep. Dana Stein
Third Reading Passed With Amendments (46-0) on 04/08/2019
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Maryland 2019 Regular Session
Correctional Officers' Retirement System - Queen Anne's County [HB-1056]
Requiring membership in the Correctional Officers' Retirement System for certain local detention center officers of Queen Anne's County under certain circumstances; providing that a certain individual is entitled to eligibility service and creditable service that was earned before the effective date of Queen Anne's County's participation in the Correctional Officers' Retirement System; providing for the transfer of creditable service for a certain individual; etc.
Sponsored by: Rep.
Approved By The Governor - Chapter 58 on 04/18/2019
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Maryland 2019 Regular Session
State Prescription Drug Benefits - Retiree Benefits - Alterations [HB-1033]
Requiring the State to continue providing a certain State prescription drug benefit plan to certain retirees; authorizing certain retirees who participate in the State prescription drug benefit plan to elect to have their spouse or dependent child covered under the plan; authorizing certain surviving dependents to enroll in a certain State prescription drug benefit plan; authorizing the State to include a prescription drug benefit plan in certain health insurance benefit options for Medicare-eligible individuals; etc.
Sponsored by: Rep. Dan Cox
Hearing Canceled on 02/14/2019
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Maryland 2019 Regular Session
Law Enforcement Officers' Pension System - Benefits [HB-103]
Altering the accrual rate to 2.5% for service earned on or after July 1, 2019, for calculating the retirement allowance for certain retirees of the Law Enforcement Officers' Pension System; and altering from 65% to 70% the maximum benefit that certain retirees of the Law Enforcement Officers' Pension System may receive.
Sponsored by: Rep. Teresa Reilly
Unfavorable Report By Appropriations; Withdrawn on 02/11/2019
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Maryland 2019 Regular Session
State Employee and Retiree Health and Welfare Benefits Program - Prescription Drug Benefit Plan Reimbursement [HB-1004]
Requiring the State to reimburse retirees from State employment, certain spouses, and certain dependent children for certain prescription drug costs under certain circumstances.
Sponsored by: Rep. Barrie Ciliberti
Hearing Canceled on 02/14/2019
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Maryland 2016 Regular Session
State Retirement and Pension System - Private Equity and Venture Capital Investments [SB-982]
Authorizing the Board of Trustees for the State Retirement and Pension System to enter into an agreement with the Maryland Technology Development Corporation or another entity to make and manage investments in private equity and venture capital in the State with specified additional funds; providing that an entity that provides specified services to the Board of Trustees in accordance with the Act shall be subject to specified standards of care and prohibited from taking specified actions under specified provisions of law; etc.
Sponsored by: Sen. Edward Kasemeyer
Approved By The Governor - Chapter 459 on 05/10/2016
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Maryland 2016 Regular Session
Optional Retirement Program - Eligibility - Alterations [SB-979]
Altering the eligibility provisions of the Optional Retirement Program to include individuals in specified position categories designated by specified governing boards of institutions of higher education or the Secretary of Higher Education; requiring an individual who was a participant in the Optional Retirement Program as of a specified date to continue to participate in the Program under specified circumstances; and conforming specified terminology to current institutional policies regarding employment categories.
Sponsored by: Sen. Douglas Peters
Approved By The Governor - Chapter 458 on 05/10/2016
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Maryland 2016 Regular Session
State Retirement and Pension System - Disability Benefits Study [SB-875]
Requiring the Department of Budget and Management, in consultation with the State Retirement Agency, to issue a specified request for information on the viability of replacing specified disability benefits provided by the Board of Trustees for the State Retirement and Pension System with a specified insurance program; and requiring the Department to submit a report to the General Assembly and the Board of Trustees for the State Retirement and Pension System, on or before December 1, 2016, on the results of the study.
Sponsored by: Sen. Andrew Serafini
Unfavorable Report By Appropriations on 04/11/2016