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SB 320

EnactedCrossfile HB 415
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State Retirement and Pension System - Administration - Clarification and Technical Correction

Sponsor: Carl Jackson (District 8)Committee: Budget and TaxationSubject: State Government - Pensions and RetirementStatus: Approved by the Governor - Chapter 663 (as of Nov 13, 2024)

What this bill does

Official synopsis

Clarifying that the Board of Trustees for the State Retirement and Pension System may pay certain incentive compensation to the Chief Investment Officer for the State Retirement and Pension System if the Chief Investment Officer retires from the Investment Division of the State Retirement Agency in a certain manner; and correcting a certain incorrect reference of an age restriction applying to certain members of the Law Enforcement Officers' Pension System that participate in the Deferred Retirement Option Program (DROP).

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Testimony (6)

MGA witness list
FAV 6Favorable
PositionWitnessOrganizationTestimony
FAVLewis, DavidSLEOLAOral
FAVJackson, MichaelSenate of MarylandOral + Written (PDF)
FAVGill, BrianState Law Enforcement Officers Labor AllianceOral
FAVGawthrop, AnneState Retirement and Pension SystemOral + Written (PDF)
FAVSenator Jackson, Senator JacksonlegislatorIndividualOral
FAVSenator Jackson, Senator JacksonlegislatorIndividualOral

Organizations on record