SENATE BILL 121

Sponsored By:

Senator Kasemeyer (Chairman, Joint Committee on Pensions)

Entitled:

Optional Defined Contribution System - Supplemental Retirement Plans Authorized by Institutions of Higher Education

Synopsis:

Authorizing specified members of the Employees' Pension System who contribute to supplemental retirement plans authorized by the University System of Maryland, Morgan State University, St. Mary's College, and the Maryland Higher Education Commission to participate in the Optional Defined Contribution System and receive a certain matching contribution from the State up to a specified maximum amount; etc.

History by Legislative Date

Senate Action

1/22

First Reading Budget and Taxation

1/27

Hearing 2/11 at 8:30 a.m.

3/1

Favorable with Amendments Report by Budget and Taxation

3/2

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/4

Third Reading Passed (45-0)

4/5

Return Passed

4/27

Signed by the Governor Chapter 151

House Action

3/5

First Reading Appropriations

3/10

Hearing 3/25 at 1:00 p.m.

4/2

Favorable Report by Appropriations

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (117-0)

Sponsored by:

Senator Edward J. Kasemeyer, District 12

Pensions, Joint Comm. on

Bill indexed under the following Subjects:

COMMUNITY COLLEGES

HIGHER EDUCATION COMMISSION

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

STATE EMPLOYEES -see also- PUBLIC EMPLOYEES

STATE UNIVERSITIES AND COLLEGES

TEACHERS

Bill affects the following Statutes:

State Personnel and Pensions

( 30-101 , 32-101 , 32-203 , 32-204 , 32-205 , 32-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 069221/1 (PDF)     Offered on: March 2, 1999   at: 11:30 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 4, 1999: Third Reading Passed (45-0)

House

March 31, 1999: Third Reading Passed (117-0)