HB0993 (CH0769)

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Maryland Pension Risk Mitigation Act

Sponsored by:

Delegate Korman

Status:

Approved by the Governor - Chapter 769


Synopsis:Requiring that, consistent with certain fiduciary duties, the investment policy manual adopted by the Board of Trustees for the State Retirement and Pension System include certain policies and address certain details regarding the management of certain risks in the investment of State Retirement and Pension System assets; requiring the Board of Trustees to submit a report on its risk assessment of the investments of the several systems by January 31, 2019, and every year thereafter; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Korman, Frick, Gilchrist, Hill, Jalisi, Lam, Luedtke, McCray, Morhaim, Platt, Stein, Valderrama, and Wilkins
Additional Facts:Cross-filed with: SB0898
Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Appropriations  View Committee HearingBudget and Taxation
Broad Subject(s):State Pensions and Retirement
Narrow Subject(s):Assessments
Electronic Communication -see also- Comm; Elec.Gov; Lang; Te
Investments -see also- Securities
Reports
Retirement Systems -see also- Mandatory Retirement
Statutes:Article - State Personnel and Pensions
(21-116)

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Legislative Lingo

Explanation of Floor Motions and Actions


May 21, 2018 10:40 A.M.