HOUSE BILL 1326

Sponsored By:

Delegate Serafini

Entitled:

State Retirement and Pension System - Investments - Independent Investment Advisory Firms

Synopsis:

Eliminating the Investment Division of the State Retirement Agency and the position of the Chief Investment Officer; requiring the Board of Trustees to hire independent investment advisory firms to invest the assets of the several systems of the State Retirement and Pension System; requiring the State Retirement Agency to submit a quarterly report to the Board of Trustees; altering a requirement relating to the management of specified real estate investments of the State Retirement and Pension System; etc.

History by Legislative and Calendar Date

House Action

3/4

First Reading House Rules and Executive Nominations

3/14

Re-referred Appropriations

3/16

Hearing 3/29 at 1:00 p.m.

3/23

Hearing cancelled

Hearing 3/29 at 2:00 p.m.

4/1

Unfavorable Report by Appropriations

Senate Action

No Action

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government

Contracts -see also- Land Installment Contracts; Procurement

Investments -see also- Securities

Publications -see also- Maryland Register

Real Estate -see also- Agents and Brokers

Reports

Retirement Systems -see also- Mandatory Retirement

State Employees

Bill affects the following Statutes:

State Personnel and Pensions

( 21-108 , 21-116 , 21-118 , 21-118.1 , 21-122 , 21-123 , 21-123 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Appropriations