State Pensions And Retirement
Maryland 2021 Regular Session
State Retirement and Pension System - Executive Directors - Membership and Vesting [HB-1336]
Requiring the Executive Director of the Alcohol and Tobacco Commission to be a sworn police officer with certain powers; providing that an individual who commences employment as the Executive Director of the State Retirement Agency on or after January 1, 2021, shall have immediate vesting rights in the Employees' Pension System; requiring the State Retirement Agency to submit a report on immediate vesting for certain positions to the Joint Committee on Pensions by December 1, 2021; etc.
Sponsored by: Rep. Elizabeth Proctor
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 397 on 05/30/2021
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Gettr Maryland 2021 Regular Session
State Prescription Drug Benefits - Retirees [HB-1335]
Authorizing certain retirees who began State service before July 1, 2011, to be eligible for prescription drug benefits in the State Employee and Retiree Health and Welfare Benefits Program; specifying that prescription drug benefits shall be discontinued for certain Medicare-eligible retirees who began State service on or after July 1, 2011, and their Medicare-eligible spouses and dependent children; repealing the Maryland State Retiree Prescription Drug Coverage Program; etc.
Sponsored by: Sen. Carl Jackson
Withdrawn By Sponsor on 03/16/2021
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Maryland 2021 Regular Session
State Retirement and Pension System - Executive Directors - Membership and Vesting [SB-761]
Requiring the Executive Director of the Alcohol and Tobacco Commission to be a sworn police officer with certain powers; providing that an individual who commences employment as the Executive Director of the State Retirement Agency on or after January 1, 2021, shall have immediate vesting rights in the Employees' Pension System; requiring the Board of Trustees for the State Retirement and Pension System to transfer certain service earned under certain circumstances; requiring the Board of Trustees to transfer certain contributions; etc.
Sponsored by: Sen. Sarah Elfreth
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 398 on 05/30/2021
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Maryland 2021 Regular Session
State Retirement and Pension System - Administration of Benefits - Clarification [SB-680]
Providing that certain vested former members of the Teachers' Pension System of the State Retirement and Pension System who meet certain criteria may commence receipt of a vested allowance while continuing certain employment with certain participating employers; requiring the Board of Trustees for the State Retirement and Pension System to accept certain forms that were timely submitted; requiring certain individuals to submit a certain affidavit regarding the submission of a certain form; etc.
Sponsored by: Sen. J.B. Jennings
Approved By The Governor - Chapter 216 on 05/18/2021
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Maryland 2021 Regular Session
State Retirement and Pension System - COVID-19-Related Death Benefits - Clarification [HB-922]
Clarifying the eligibility of certain members of the State Retirement and Pension System for certain death benefits when COVID-19 caused or contributed to the death of a member; requiring the Board of Trustees for the State Retirement and Pension System to accept the death of a member as arising out of or in the course of the actual performance of duty under certain circumstances; requiring the Board, under certain circumstances, to discontinue payment of a certain allowance and begin payment of a certain special death benefit allowance; etc.
Sponsored by: Rep. Brooke Lierman
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 421 on 05/30/2021
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Maryland 2021 Regular Session
Teachers’ Pension System – Vested Allowance – Break in Service [HB-929]
Providing that certain vested former members of the Teachers' Pension System of the State Retirement and Pension System who meet certain criteria may commence receipt of a vested allowance while continuing certain employment with certain participating employers.
Sponsored by: Rep. Lauren Arikan
Hearing 2/24 At 1:30 P.m. on 02/06/2021
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Maryland 2021 Regular Session
State Retirement and Pension System - COVID-19-Related Death Benefits - Clarification [SB-642]
Clarifying the eligibility of certain members of the State Retirement and Pension System for certain death benefits when COVID-19 caused or contributed to the death of a member; requiring the Board of Trustees for the State Retirement and Pension System to accept the death of a member as arising out of or in the course of the actual performance of duty under certain circumstances; requiring the Board, under certain circumstances, to discontinue payment of a certain allowance and begin payment of a certain special death benefit allowance; etc.
Sponsored by: Sen. Michael Jackson
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 422 on 05/30/2021
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Maryland 2021 Regular Session
Correctional Officers' Retirement System - Kent County [SB-606]
Requiring membership in the Correctional Officers' Retirement System for certain local detention center officers of Kent 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 Kent County's participation in the Correctional Officers' Retirement System; providing for the transfer of creditable service for a certain individual; etc.
Sponsored by: Sen. Stephen Hershey
Approved By The Governor - Chapter 262 on 05/18/2021
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Maryland 2021 Regular Session
State Retirement and Pension System - Fiduciary Insurance [HB-844]
Authorizing the State to purchase a certain insurance policy to satisfy a bond requirement to protect certain losses of State Retirement and Pension System assets.
Sponsored by: Rep. Brooke Lierman
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 419 on 05/30/2021
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Maryland 2021 Regular Session
Military Service Credit - Eligibility [HB-791]
Authorizing certain members and former members of the State Retirement and Pension System to receive credit for certain military service even if the member receives military service credit in another retirement system; and prohibiting an individual from receiving credit more than one time.
Sponsored by: Rep. Pat Young
Withdrawn By Sponsor on 04/09/2021
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Maryland 2021 Regular Session
State Retirement and Pension System - Fiduciary Insurance [SB-641]
Authorizing the State to purchase a certain insurance policy to satisfy a bond requirement to protect certain losses of State Retirement and Pension System assets.
Sponsored by: Sen. Sarah Elfreth
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 420 on 05/30/2021
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Maryland 2021 Regular Session
State Personnel – Collective Bargaining [SB-521]
Granting collective bargaining rights to certain graduate students at an institution within the University System of Maryland, Morgan State University, or St. Mary's College of Maryland.
Sponsored by: Sen. James Rosapepe
Hearing 2/18 At 1:00 P.m. on 01/26/2021
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Maryland 2021 Regular Session
Correctional Officers' Retirement System - Kent County [HB-456]
Requiring membership in the Correctional Officers' Retirement System for certain local detention center officers of Kent 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 Kent County's participation in the Correctional Officers' Retirement System; providing for the transfer of creditable service for a certain individual; etc.
Sponsored by: Rep. Jay Jacobs
Approved By The Governor - Chapter 261 on 05/18/2021
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Maryland 2021 Regular Session
State Retirement and Pension System - Investment Management Fees [HB-479]
Altering a requirement that the Board of Trustees for the State Retirement and Pension System provide a quarterly estimate of certain external investment management services; prohibiting the Board of Trustees from incurring fees for external investment management services that exceed 0.2% of the market value of invested assets as of the last day of the preceding fiscal year; exempting from the prohibition certain fees incurred under a contract entered into on or before June 30, 2021; etc.
Sponsored by: Rep. Kumar Barve
Hearing 2/03 At 1:30 P.m. on 01/19/2021
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Maryland 2018 Regular Session
General Assembly Compensation Commission - Legislative Pension Plan - Closure to Current and Future Members [SJR-9]
Providing that the Resolution of the General Assembly Compensation Commission dated January 16, 2018, and transmitted to the General Assembly on January 23, 2018, be amended to close the Legislative Pension Plan to new membership on or after January 9, 2019, and be amended to provide that no new service credit may be earned in the Legislative Pension Plan on or after January 9, 2019; etc.
Sponsored by: Sen. Andrew Serafini
Hearing 2/22 At 8:30 A.m. on 02/22/2018
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Maryland 2018 Regular Session
Correctional Officers' Retirement System - Membership [SB-988]
Altering the membership of the Correctional Officers' Retirement System to include certain individuals serving in certain positions in the Department of Public Safety and Correctional Services; providing that certain members of the Correctional Officers' Retirement System who meet certain criteria may receive a normal service retirement allowance that is based on certain creditable service; etc.
Sponsored by: Sen. George Edwards
Hearing 2/22 At 8:30 A.m. on 02/22/2018
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Maryland 2018 Regular Session
Maryland Pension Climate Change Risk Act [SB-898]
Requiring that, consistent with certain fiduciary duties, the investment policy manual adopted by the Board of Trustees for the State Retirement and Pension System include certain policies and address certain details regarding the management of climate risks in the investment of State Retirement and Pension System assets; requiring the Board of Trustees to conduct or commission a climate risk assessment of the investments of the several systems by January 31, 2019, and every 4 years thereafter; etc.
Sponsored by: Sen. Guy Guzzone
Hearing 2/22 At 8:30 A.m. on 02/22/2018
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Maryland 2018 Regular Session
State Retirement and Pension System - Investment Division [SB-899]
Clarifying that the compensation of the Executive Director for the State Retirement Agency and certain staff shall be as provided in the State budget; requiring the Board of Trustees for the State Retirement and Pension System to adopt criteria for setting the qualifications and compensation of the Chief Investment Officer for the System; establishing the Objective Criteria Committee of the Board of Trustees to make recommendations regarding the compensation of the Chief Investment Officer and positions in the Investment Division; etc.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 728 on 05/15/2018
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Maryland 2018 Regular Session
State Police Retirement System - Deferred Retirement Option Program - Alterations [SB-895]
Increasing the maximum number of years of eligibility service that certain members of the State Police Retirement System may have to participate in the Deferred Retirement Option Program (DROP) to 30; increasing the number of years that certain members of the State Police Retirement System may participate in the DROP; authorizing certain individuals, subject to certain limitations and requirements, to elect to extend their participation in the DROP; etc.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 726 on 05/15/2018
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Maryland 2018 Regular Session
Pensions - Administrative and Operational Expenses - Limitation and Calculation [SB-784]
Increasing the administrative and operational expense cap of the Board of Trustees for the State Retirement and Pension System and the State Retirement Agency for fiscal years 2019 through 2022 under certain circumstances; altering the basis for the calculation of the administrative and operational expense cap; applying the Act; and making certain sections of the Act contingent on the taking effect of another Act.
Sponsored by: Sen. Guy Guzzone
Approved By The Governor - Chapter 724 on 05/15/2018