MD SB353 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 4 2017 - 100% progression
Action: 2017-05-04 - Approved by the Governor - Chapter 528
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 4 2017 - 100% progression
Action: 2017-05-04 - Approved by the Governor - Chapter 528
Text: Latest bill text (Chaptered) [PDF]
Summary
Repealing a requirement that annuity contracts purchased under the optional retirement program shall be issued to and become the property of participating employees of the program; clarifying that the rights of participating employees who purchase annuity contracts under the program are fully vested and not subject to forfeit; authorizing a participating employee in the optional retirement program to select specified annuity contracts for the transfer of existing balances; applying the Act prospectively; etc.
Title
Optional Retirement Program - Annuity Contracts - Employee Rights
Sponsors
Sen. Guy Guzzone [D] |
Roll Calls
2017-03-30 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2017-03-28 - House - House Floor - Third Reading Passed (139-0) (Y: 139 N: 0 NV: 1 Abs: 1) [PASS]
2017-03-09 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2017-03-28 - House - House Floor - Third Reading Passed (139-0) (Y: 139 N: 0 NV: 1 Abs: 1) [PASS]
2017-03-09 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2017-05-04 | Senate | Approved by the Governor - Chapter 528 |
2017-04-05 | Senate | Passed Enrolled |
2017-04-05 | Senate | Third Reading Passed (47-0) |
2017-04-05 | Senate | Senate Concur - House Amendments |
2017-04-04 | House | Third Reading Passed with Amendments (139-0) |
2017-03-31 | House | Second Reading Passed with Amendments |
2017-03-31 | House | Favorable with Amendments {164563/1 Report Adopted |
2017-03-31 | House | Favorable with Amendments Report by Appropriations |
2017-03-23 | House | Hearing 3/23 at 1:00 p.m. |
2017-03-10 | House | First Reading Appropriations |
2017-03-09 | Senate | Third Reading Passed (47-0) |
2017-03-07 | Senate | Second Reading Passed with Amendments |
2017-03-07 | Senate | Favorable with Amendments {489537/1 Report Adopted |
2017-03-06 | Senate | Favorable with Amendments Report by Budget and Taxation |
2017-02-02 | Senate | Hearing 2/02 at 9:00 a.m. |
2017-01-25 | Senate | First Reading Budget and Taxation |
Subjects
Contracts
Federal Government
Forfeiture
Income Tax
Investments
Retirement Systems
Salaries and Compensation
State Pensions and Retirement
Federal Government
Forfeiture
Income Tax
Investments
Retirement Systems
Salaries and Compensation
State Pensions and Retirement