Legislation - SB0270

Title: Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Sponsored by: Senator M. Jackson (By Request - State Treasurer)
Status: In the House - Hearing 3/25 at 1:00 p.m.
Analysis: Fiscal and Policy Note (Revised)

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, 2026; authorizing certain employing institutions to automatically enroll employees into a certain supplemental retirement plan; requiring an eligible employer to deduct wages of an employee for contribution to a supplemental retirement plan in accordance with an automatic enrollment arrangement; etc.

Committees

Original:: Budget and Taxation

Opposite:: Appropriations Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/09/2025 Legislative Date 1/09/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment Proceedings
Chamber Senate Calendar Date 1/14/2025 Legislative Date 1/14/2025 Action Hearing 1/30 at 9:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2025 Legislative Date 3/17/2025 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/17/2025 Legislative Date 2/28/2025 Action Favorable with Amendments {923429/1 Adopted Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2025 Legislative Date 2/28/2025 Action Second Reading Passed with Amendments Proceedings 48 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment Proceedings
Chamber Senate Calendar Date 3/17/2025 Legislative Date 3/01/2025 Action Third Reading Passed (44-0) Proceedings 49 Click to view Recorded Media
Chamber House Calendar Date 3/17/2025 Legislative Date 3/09/2025 Action Referred Appropriations Proceedings 49 Click to view Recorded Media
Chamber House Calendar Date 3/19/2025 Legislative Date 3/19/2025 Action Hearing 3/25 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/09/2025	1/09/2025	First Reading Budget and Taxation
			Text - First - Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Senate	1/14/2025	1/14/2025	Hearing 1/30 at 9:00 a.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/17/2025	3/17/2025	Favorable with Amendments Report by Budget and Taxation
Senate	3/17/2025	2/28/2025	Favorable with Amendments {923429/1 Adopted	48 Click to view Recorded Media
Senate	3/17/2025	2/28/2025	Second Reading Passed with Amendments	48 Click to view Recorded Media
			Text - Third - Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Senate	3/17/2025	3/01/2025	Third Reading Passed (44-0)	49 Click to view Recorded Media
House	3/17/2025	3/09/2025	Referred Appropriations	49 Click to view Recorded Media
House	3/19/2025	3/19/2025	Hearing 3/25 at 1:00 p.m.

File Code

Subjects

Statutes