MD HB653 | 2012 | Regular Session

Status

Spectrum: Strong Partisan Bill (Republican 13-1)
Status: Introduced on February 8 2012 - 25% progression, died in committee
Action: 2012-02-29 - Hearing 3/13 at 1:00 p.m.
Pending: House Appropriations 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, 2012, are members of specified pension systems become members of the cash balance plan on July 1, 2012; requiring that specified individuals who are employed on or after July 1, 2012, 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; making provisions of the Act subject to a contingency; etc.

Tracking Information

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Title

State Retirement and Pension Systems - Cash Balance Plan

Sponsors


History

DateChamberAction
2012-02-29 Hearing 3/13 at 1:00 p.m.
2012-02-08 First Reading Appropriations

Subjects


Maryland State Sources


Bill Comments

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