MD SB322 | 2024 | Regular Session
Note: Carry Over of previous SB6
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 14 2024 - 50% progression
Action: 2024-04-08 - Favorable with Amendments Report by Appropriations
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 14 2024 - 50% progression
Action: 2024-04-08 - Favorable with Amendments Report by Appropriations
Text: Latest bill text (Engrossed) [PDF]
Summary
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, 2025; and requiring an eligible employer to deduct wages of an employee for contribution to a supplemental retirement plan in accordance with an automatic enrollment arrangement, unless the employee has elected to withdraw from or cease to contribute to the supplemental retirement plan.
Title
Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Sponsors
Roll Calls
2024-03-14 - Senate - Third Reading Passed (Y: 40 N: 6 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-08 | House | Favorable with Amendments Report by Appropriations |
| 2024-03-27 | House | Hearing 3/27 at 1:30 p.m. |
| 2024-03-27 | House | Hearing canceled |
| 2024-03-20 | House | Hearing 3/27 at 1:00 p.m. |
| 2024-03-20 | House | Hearing canceled |
| 2024-03-20 | House | Hearing 3/28 at 1:00 p.m. |
| 2024-03-14 | House | Referred Appropriations |
| 2024-03-14 | Senate | Third Reading Passed (40-6) |
| 2024-03-08 | Senate | Second Reading Passed |
| 2024-03-08 | Senate | Favorable Adopted |
| 2024-03-07 | Senate | Favorable Report by Budget and Taxation |
| 2024-01-18 | Senate | Hearing 2/08 at 9:00 a.m. |
| 2024-01-12 | Senate | First Reading Budget and Taxation |
Same As/Similar To
SB6 (Carry Over) 2023-04-04 - Hearing 4/04 at 1:30 p.m.
Subjects
Committees and Commissions
Investments
Notices
Retirement
Salaries and Compensation
State Employees
State Government - Pensions and Retirement
Teachers
Work, Labor, and Employment
Investments
Notices
Retirement
Salaries and Compensation
State Employees
State Government - Pensions and Retirement
Teachers
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| State Personnel and Pensions | 35 | 101 | (n/a) | See Bill Text |
| State Personnel and Pensions | 35 | 206 | (n/a) | See Bill Text |
