Legislation

Title: Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Sponsored by: Senator Jackson
Status: In the House - Favorable with Amendments Report by Appropriations
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, 2025; and requiring an eligible employer to deduct wages of an employee for contribution to a supplemental retirement plan in accordance with an automatic enrollment arrangement, unless the employee has elected to withdraw from or cease to contribute to the supplemental retirement plan.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Appropriations Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: SB0006 Session: 2023 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/12/2024 Legislative Date 1/12/2024 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment Proceedings
Chamber Senate Calendar Date 1/18/2024 Legislative Date 1/18/2024 Action Hearing 2/08 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 3/07/2024 Legislative Date 3/07/2024 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/08/2024 Legislative Date 2/25/2024 Action Favorable Adopted Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 3/08/2024 Legislative Date 2/25/2024 Action Second Reading Passed Proceedings 41 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment Proceedings
Chamber Senate Calendar Date 3/14/2024 Legislative Date 2/29/2024 Action Third Reading Passed (40-6) Proceedings 45 Click to view Recorded Media
Chamber House Calendar Date 3/14/2024 Legislative Date 3/04/2024 Action Referred Appropriations Proceedings 43 Click to view Recorded Media
Chamber House Calendar Date 3/20/2024 Legislative Date 3/20/2024 Action Hearing 3/28 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/20/2024 Legislative Date 3/20/2024 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/20/2024 Legislative Date 3/20/2024 Action Hearing 3/27 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/27/2024 Legislative Date 3/27/2024 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/27/2024 Legislative Date 3/27/2024 Action Hearing 3/27 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/08/2024 Legislative Date 4/08/2024 Action Favorable with Amendments Report by Appropriations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/12/2024	1/12/2024	First Reading Budget and Taxation
			Text - First - Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Senate	1/18/2024	1/18/2024	Hearing 2/08 at 9:00 a.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/07/2024	3/07/2024	Favorable Report by Budget and Taxation
Senate	3/08/2024	2/25/2024	Favorable Adopted	41 Click to view Recorded Media
Senate	3/08/2024	2/25/2024	Second Reading Passed	41 Click to view Recorded Media
			Text - Third - Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
Senate	3/14/2024	2/29/2024	Third Reading Passed (40-6)	45 Click to view Recorded Media
House	3/14/2024	3/04/2024	Referred Appropriations	43 Click to view Recorded Media
House	3/20/2024	3/20/2024	Hearing 3/28 at 1:00 p.m.
House	3/20/2024	3/20/2024	Hearing canceled
House	3/20/2024	3/20/2024	Hearing 3/27 at 1:00 p.m.
House	3/27/2024	3/27/2024	Hearing canceled
House	3/27/2024	3/27/2024	Hearing 3/27 at 1:30 p.m.
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	4/08/2024	4/08/2024	Favorable with Amendments Report by Appropriations

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Subjects

Statutes