Legislation

Title: Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Sponsored by: Delegate Bridges
Status: In the House - Hearing 2/14 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring the State Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to implement an automatic enrollment arrangement for State employees who are hired on or after January 1, 2024; and requiring an eligible employer to deduct wages of an employee for contribution to a supplemental retirement plan in accordance with an automatic enrollment, unless the employee has elected to withdraw from or cease to contribute to the supplemental retirement plan.

Committees

Original:: Appropriations Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB0006

Bill File Type: Regular

Effective Date(s): October 1, 2023

History

Legislation History
Chamber House Calendar Date 1/25/2023 Legislative Date 1/25/2023 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment Proceedings
Chamber House Calendar Date 1/31/2023 Legislative Date 1/31/2023 Action Hearing 2/14 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/25/2023	1/25/2023	First Reading Appropriations
			Text - First - Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
House	1/31/2023	1/31/2023	Hearing 2/14 at 1:00 p.m.

File Code

Subjects

Statutes