MD SB486 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 30 2017 - 25% progression, died in committee
Action: 2017-02-16 - Hearing 2/16 at 9:00 a.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 30 2017 - 25% progression, died in committee
Action: 2017-02-16 - Hearing 2/16 at 9:00 a.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishing a cash balance plan under the State Retirement and Pension System; requiring that individuals who on June 30, 2018, are members of specified pension systems become members of the cash balance plan on July 1, 2018; requiring that individuals who are employed on or after July 1, 2018, by participating employers become members of the cash balance plan; requiring the Board of Trustees of the State Retirement and Pension System to administer the cash balance plan; etc.
Title
State Employees and Teachers - Cash Balance Plan
Sponsors
| Sen. Andrew Serafini [R] | Sen. George Edwards [R] | Sen. Stephen Hershey [R] | Sen. J.B. Jennings [R] |
| Sen. Justin Ready [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-16 | Senate | Hearing 2/16 at 9:00 a.m. |
| 2017-01-30 | Senate | First Reading Budget and Taxation |
Subjects
Appropriations
Committees and Commissions
Retirement Systems
Salaries and Compensation
State Employees
State Pensions and Retirement
Teachers
Committees and Commissions
Retirement Systems
Salaries and Compensation
State Employees
State Pensions and Retirement
Teachers
