MD SB956 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 14 2012 - 25% progression, died in chamber
Action: 2012-02-29 - Hearing 3/8 at 8:30 a.m.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 14 2012 - 25% progression, died in chamber
Action: 2012-02-29 - Hearing 3/8 at 8:30 a.m.
Text: Latest bill text (Introduced) [PDF]
Summary
Establishing a cash balance plan under the State Retirement and Pension System; requiring that individuals who are employed by participating employers 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; requiring the State Retirement Agency to obtain a specified IRS determination letter; etc.
Title
State Retirement and Pension Systems - New Hires - Cash Balance Defined Benefit
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-29 | Hearing 3/8 at 8:30 a.m. | |
| 2012-02-20 | Re-referred Budget and Taxation | |
| 2012-02-14 | First Reading Senate Rules |
Subjects
Administrative Agencies
Appropriations
Federal Government
Public Employees
Retirement Systems
Rules and Regulations
State Employees
Teachers
Appropriations
Federal Government
Public Employees
Retirement Systems
Rules and Regulations
State Employees
Teachers
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0956.htm |
| Text | http://mlis.state.md.us/2012rs/bills/sb/sb0956f.pdf |
