MD SB481 | 2023 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on April 24 2023 - 100% progression
Action: 2023-04-24 - Approved by the Governor - Chapter 234
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on April 24 2023 - 100% progression
Action: 2023-04-24 - Approved by the Governor - Chapter 234
Text: Latest bill text (Chaptered) [PDF]
Summary
Requiring a certain rate of interest on certain member contributions in active members' nonvested accounts in the State Retirement and Pension System if the members have not withdrawn contributions from the nonvested accounts and are not eligible to receive a certain vested allowance; and applying the Act retroactively.
Title
State Retirement and Pension System – Nonvested Accounts – Regular Interest
Sponsors
Roll Calls
2023-04-04 - House - Third Reading Passed (Y: 140 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-13 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-13 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-04-24 | Senate | Approved by the Governor - Chapter 234 |
| 2023-04-04 | Senate | Returned Passed |
| 2023-04-04 | House | Third Reading Passed (140-0) |
| 2023-03-30 | House | Favorable Adopted Second Reading Passed |
| 2023-03-30 | House | Favorable Report by Appropriations |
| 2023-03-26 | House | Hearing 3/29 at 1:00 p.m. |
| 2023-03-26 | House | Hearing canceled |
| 2023-03-22 | House | Hearing 3/29 at 1:00 p.m. |
| 2023-03-14 | House | Referred Appropriations |
| 2023-03-13 | Senate | Third Reading Passed (47-0) |
| 2023-03-09 | Senate | Second Reading Passed with Amendments |
| 2023-03-09 | Senate | Favorable with Amendments {443228/1 Adopted |
| 2023-03-08 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2023-02-03 | Senate | Hearing 2/16 at 8:30 a.m. |
| 2023-02-03 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB424 (Crossfiled) 2023-04-24 - Approved by the Governor - Chapter 233
Subjects
Interest
Judges
Law Enforcement
Retirement
State Employees
State Government - Pensions and Retirement
State Police, Department of
Teachers
Work, Labor, and Employment
Judges
Law Enforcement
Retirement
State Employees
State Government - Pensions and Retirement
State Police, Department of
Teachers
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| State Personnel and Pensions | 22 | 215 | (n/a) | See Bill Text |
| State Personnel and Pensions | 23 | 213 | (n/a) | See Bill Text |
| State Personnel and Pensions | 24 | 206 | (n/a) | See Bill Text |
| State Personnel and Pensions | 25 | 204 | (n/a) | See Bill Text |
| State Personnel and Pensions | 26 | 205 | (n/a) | See Bill Text |
| State Personnel and Pensions | 27 | 203 | (n/a) | See Bill Text |
