2009 Regular Session

HOUSE BILL 448

CHAPTER NUMBER: 393
File Code: State Pensions and Retirement Crossfiled with: SENATE BILL 178
Sponsored By:
Delegate Griffith (Chair, Joint Committee on Pensions) and Delegates Aumann, Bates, Branch, Conway, Haynes, Heller, James, and Levy
Entitled:
State Retirement and Pension System - Investments

Synopsis:

Authorizing the Chief Investment Officer for the State Retirement and Pension System to select and invest in specified investment vehicles on behalf of the State Retirement and Pension System; providing that specified external investment managers for the State Retirement System shall be selected by the Chief Investment Officer; and increasing the current fee cap for externally managed investment assets from 0.3% to 0.5% of a specified determination of market value for the State Retirement and Pension System.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/4
First Reading Appropriations
2/10
Hearing 2/17 at 1:00 p.m.
3/27
Favorable with Amendments Report by Appropriations
3/24
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/25
Third Reading Passed (135-0)
4/7
Returned Passed
Senate Action
3/28
First Reading Budget and Taxation
4/6
Hearing 4/7 at 2:00 p.m.
4/7
Hearing cancelled
Hearing 4/8 at 2:00 p.m.
4/10
Favorable Report by Budget and Taxation
4/6
Favorable Report Adopted
Second Reading Passed
4/7
Third Reading Passed (47-0)
Action after passage in House and Senate
5/7
Approved by the Governor
- Chapter 393

Sponsored by:

Delegate Melony G. Griffith, District 25
Delegate Susan L. M. Aumann, District 42
Delegate Gail H. Bates, District 9A
Delegate Talmadge Branch, District 45
Delegate Norman H. Conway, District 38B
Delegate Keith E. Haynes, District 44
Delegate Henry B. Heller, District 19
Delegate Mary-Dulany James, District 34A
Delegate Murray D. Levy, District 28
Pensions, Joint Committee on

Bill indexed under the following Subjects:

Fees -see also- Devt Fees and Taxes; Reimbursement Rates
Investments -see also- Securities
Retirement Systems -see also- Mandatory Retirement
State Employees

Bill affects the following Statutes:

State Personnel and Pensions
( 21-122 , 21-123 , 21-315 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 124263/01     Offered on: March 27, 2009   at: 11:29 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 25, 2009: Third Reading Passed (135-0)
Senate
April 7, 2009: Third Reading Passed (47-0)