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]

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.

Tracking Information

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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

DateChamberAction
2025-01-23HouseFirst Reading Appropriations

Same As/Similar To

SB322 (Carry Over) 2024-04-08 - Favorable with Amendments Report by Appropriations

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
State Personnel and Pensions35101(n/a)See Bill Text
State Personnel and Pensions35206(n/a)See Bill Text

Maryland State Sources


Bill Comments

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