State Retirement and Pension System - Nonvested Accounts - Regular Interest
Sponsor: Karen Simpson (District 3)Committee: AppropriationsSubject: State Government - Pensions and RetirementStatus: Approved by the Governor - Chapter 233 (as of Nov 9, 2023)
What this bill does
Official synopsis
Requiring a certain rate of interest on certain member contributions in active members' nonvested accounts in the State Retirement and Pension System if the members have not withdrawn contributions from the nonvested accounts and are not eligible to receive a certain vested allowance; providing for the retroactive application of the Act; etc.
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Testimony (5)
MGA witness listFAV 4FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Gilmore , Deniselobbyist | AFSCME Maryland | Written (PDF) |
| FAV | Edwards, Donna | Maryland State & DC AFL-CIO | Written (PDF) |
| FAV | Delegate Simpson, Delegate Simpsonlegislator | Individual | Oral |
| FAV | Simpson, Delegate | Individual | Written (PDF) |
| INFO | Gawthrop, Anne | State Retirement and Pension System | Oral |