Maryland Senate Bill 735 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-18 - Hearing 2/28 at 8:30 a.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Establishing a cash balance plan under the State Retirement and Pension System; providing that certain individuals are not eligible to participate in the Employees' Pension System or the Teachers' Pension System if they elect to participate in the cash balance plan; providing that certain individuals are not eligible to participate in the optional retirement program if they elect to participate in the cash balance plan; authorizing participation in the cash balance plan for certain individuals hired on or after July 1, 2020; etc.

State Employees and Teachers - Cash Balance Plan

Sen. Andrew Serafini [R]

Date	Chamber	Action
2019-02-18	Senate	Hearing 2/28 at 8:30 a.m.
2019-02-18	Senate	Hearing canceled
2019-02-06	Senate	Hearing 2/28 at 9:00 a.m.
2019-02-04	Senate	First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0735?ys=2019rs
Text	https://mgaleg.maryland.gov/2019RS/bills/sb/sb0735f.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/fnotes/bil_0005/sb0735.pdf