State Retirement and Pension System - Investment Management Fees
Sponsor: Robin L. Grammer, Jr. (District 6)Committee: AppropriationsSubject: State Government - Pensions and RetirementStatus: Unfavorable Report by Appropriations (as of Nov 9, 2023)
What this bill does
Official synopsis
Altering a requirement that the Board of Trustees for the State Retirement and Pension System provide a quarterly estimate of certain external investment management services; prohibiting the Board of Trustees from incurring fees for external investment management services that exceed a certain amount in a fiscal year; exempting from the prohibition certain fees incurred under a contract entered into on or before June 30, 2023; etc.
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Testimony (3)
MGA witness listFAV 1FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Delegate Grammer, Delegate Grammerlegislator | Individual | Oral |
| UNF | Palmer, Andrew | Maryland State Retirement Agency | Oral + Written (PDF) |
| INFO | Hooke, Jeff | Individual | Written (PDF) |