MD HB605 | 2025 | Regular Session
Note: Carry Over of previous SB322
Status
Spectrum: Unknown
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-01-23 - First Reading Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-01-23 - First Reading Appropriations
Pending: House Appropriations Committee
Text: Latest bill text (Introduced) [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, 2026; and requiring an eligible employer to deduct wages of an employee for contribution to a supplemental retirement plan, unless the employee has elected to withdraw from or cease to contribute to the supplemental retirement plan within 90 days after the first automatic deduction of the contribution from wages.
Title
Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Sponsors
No sponsor information available at this time. |
History
Date | Chamber | Action |
---|---|---|
2025-01-23 | House | First Reading Appropriations |
Same As/Similar To
SB322 (Carry Over) 2024-04-08 - Favorable with Amendments Report by Appropriations
Subjects
Committees and Commissions
Notices
Retirement
Salaries and Compensation
State Employees
State Government - Pensions and Retirement
Teachers
Notices
Retirement
Salaries and Compensation
State Employees
State Government - Pensions and Retirement
Teachers
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 |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0605?ys=2025RS |
Text | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0605f.pdf |