2000 Regular Session

HOUSE BILL 224

File Code: State Pensions and Retirement
Sponsored By:
Chairman, Appropriations Committee (Departmental - University System of Maryland)
Entitled:
Optional Retirement Program - Employer Contribution Rate and Mandatory Employee Contributions

Synopsis:

Increasing the rate of employer contributions from 7.25% to 9.25% for participants in the Optional Retirement Program; requiring those participants to make mandatory contributions to the Optional Retirement Program at the rate of 2% of the participant's annual earnable compensation; etc.

History by Legislative Date

House Action
1/24
First Reading Appropriations
1/26
Hearing 2/9 at 11:00 a.m.
3/21
Favorable with Amendments Report by Appropriations
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (139-0)
Senate Action
3/27
First Reading Budget and Taxation
3/28
Hearing 4/6 at 8:00 a.m.
4/4
Hearing cancelled
Hearing 4/6 at 8:30 a.m.
Sponsored by:
Chairman, Appropriations Comm.
Departmental
Bill indexed under the following Subjects:
RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT
STATE EMPLOYEES
STATE UNIVERSITIES AND COLLEGES
Bill affects the following Statute:
State Personnel and Pensions
( 30-205 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 734866/1 (PDF)     Offered on: March 21, 2000   at: 10:35 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 24, 2000: Third Reading Passed (139-0)