2013 Regular Session



Prudent Pension Management Act

Sponsored by:

Delegate Schuh


In the House - Hearing 3/12 at 1:00 p.m.

Synopsis:Prohibiting the State or a county or municipality from issuing specified bonds or other evidences of obligation for the purpose of funding specified pension liabilities; prohibiting the Board of Trustees for the State Retirement and Pension System or the trustees or other officers in charge of specified local pension or retirement systems or funds from investing more than 10% of specified assets in specified alternative investments; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Schuh, Afzali, Aumann, Bates, Cluster, Eckardt, Elliott, Frank, George, Glass, Haddaway-Riccio, Hershey, Hogan, Hough, Jacobs, Kipke, Krebs, McComas, McDermott, W. Miller, Myers, Norman, O'Donnell, Otto, Parrott, Ready, Schulz, Serafini, Smigiel, Stifler, Stocksdale, and Szeliga
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
Appropriations  View Committee Hearing
Broad Subject(s):State Pensions and Retirement
Local Government - Generally
Narrow Subject(s):Administrative Agencies -see also- Electronic Government
Bonds -see also- County & Baltimore City Bonds; State Bonds
Committees and Commissions -see also- Political Committees
Counties -see also- Chartered Counties; Code Counties
Investments -see also- Securities
Liability -see also- Good Samaritan
Local Government Mandates
Municipal Corporations -see also- Annap; Balt; Hager; OC
Public Debt -see also- County & Balt City Bonds; State Bonds
Retirement Systems -see also- Mandatory Retirement
State Bonds
Statutes:Article - State Personnel and Pensions
(21-123, 21-302)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:03 P.M.