Legislation
- Title
- State Retirement and Pension System - Maryland Pension Administration System - Member Contributions
- Sponsored by
- Senator Griffith (Chair, Joint Committee on Pensions)
- Status
- Veto sustained (0-46)
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Requiring a participating employer to submit supporting payroll data to the State Retirement Agency regarding a member's contributions at the time contributions are paid to the Board of Trustees for the State Retirement and Pension System; and providing, for violations of the Act, a 10% penalty of the member contribution due, 10% a year interest on delinquent member contributions until paid, a $250 penalty for each payroll for which supporting data is not submitted, and 10% a year interest on a certain penalty assessed under certain circumstances.
Committees
- Opposite:
- Appropriations Click to view Recorded Media
Details
Cross-filed with: HB0063
Bill File Type: Regular
Effective Date(s): July 1, 2019
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
History
Toggle History Dropdown
File Code
Toggle Filecode Dropdown
Subjects
Toggle Subjects Dropdown
Statutes
Toggle Statutes Dropdown
(
21-314 )
Last Updated: 2/3/2020 2:33 PM