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2015 Regular Session



Maryland Secure Choice Retirement Savings Program and Trust

Sponsored by:

Senator Rosapepe


In the Senate - Hearing 2/25 at 1:00 p.m. (Budget and Taxation)

Synopsis:Establishing the Maryland Secure Choice Retirement Savings Program for eligible private sector employees; establishing the Maryland Secure Choice Retirement Savings Trust; establishing the Maryland Secure Choice Retirement Savings Board to implement, maintain, and administer the Program and the Trust; requiring eligible employers to offer the Program and requiring eligible employees to participate in the Program unless written notice to opt out is provided to the employer; authorizing the Comptroller to enforce employer compliance; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Rosapepe and Madaleno
Additional Facts:Cross-filed with: HB0421
Introduced in a prior session as: SB0921 Session: 2014 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2015
Budget and Taxation  View Committee Hearing
Broad Subject(s):Private Sector Labor and Industry
State Pensions and Retirement
Narrow Subject(s):Auditors and Audits
Business and Economic Development, Department of
Committees and Commissions -see also- Political Committees
Estates and Trusts
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Income Tax
Investments -see also- Securities
Liability -see also- Good Samaritan
Penalties and Sentences -see also- Death Penalty
Public Information
Retirement Systems -see also- Mandatory Retirement
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Labor and Employment
(12-101 through 12-601)

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November 20, 2015 7:23 P.M.