2000 Regular Session

SENATE BILL 643

File Code: State Pensions and Retirement Crossfiled with: HOUSE BILL 1036
Sponsored By:
Senators Currie and Exum
Entitled:
Employees' Retirement and Pension Systems - Participating Governmental Units - Withdrawal Liability Payments

Synopsis:

Altering the method of computing assets that are to be transferred to a local pension system of, and the withdrawal liability contribution that is to be paid by, governmental units that withdraw their participation in the Employees' Retirement System and the Employees' Pension System under specified circumstances; repealing a requirement that a specified transition amount be deducted from assets that are to be transferred to the local pension system; etc.

History by Legislative Date

Senate Action
2/4
First Reading Budget and Taxation
2/9
Hearing 3/2 at 8:30 a.m.
House Action
No Action
Sponsored by:
Senator Ulysses Currie, District 25
Senator Nathaniel Exum, District 24
Bill indexed under the following Subjects:
ADMINISTRATIVE AGENCIES
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
LIABILITY -see also- GOOD SAMARITAN
MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC
PUBLIC EMPLOYEES -see also- STATE EMPLOYEES
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
Bill affects the following Statute:
State Personnel and Pensions
( 21-305.5 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered