HOUSE BILL 1036

File Code: State Pensions and Retirement Crossfiled with: SENATE BILL 643

Sponsored By:

Delegates R. Baker, Frush, D. Davis, Conroy, Brown, Hill, Giannetti, Hubbard, Griffith, Moe, Benson, Menes, Palumbo, Pitkin, and Valderrama

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

House Action

2/11

First Reading Appropriations

2/16

Hearing 3/8 at 11:00 a.m.

Senate Action

No Action

Sponsored by:

Delegate Rushern L. Baker, III, District 22B

Delegate Joanne C. Benson, District 24

Delegate Anthony G. Brown, District 25

Delegate Mary A. Conroy, District 23

Delegate Dereck E. Davis, District 25

Delegate Barbara Frush, District 21

Delegate John A. Giannetti, Jr., District 13B

Delegate Melony G. Griffith, District 25

Delegate Kerry A. Hill, District 26

Delegate James W. Hubbard, District 23

Delegate Pauline H. Menes, District 21

Delegate Brian R. Moe, District 21

Delegate Richard A. Palumbo, District 22A

Delegate Joan B. Pitkin, District 23

Delegate David M. Valderrama, District 26

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