Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans - Automatic Enrollment
What this bill does
Requiring the State Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to implement an automatic enrollment arrangement for State employees who are hired on or after January 1, 2026; and requiring an eligible employer to deduct wages of an employee for contribution to a supplemental retirement plan, unless the employee has elected to withdraw from or cease to contribute to the supplemental retirement plan within 90 days after the first automatic deduction of the contribution from wages.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (0)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bresnahan, Tammy | AARP Maryland | Oral + Written (PDF) |
| FAV | Mancini, Keith | Empower | Written (PDF) |
| FAV | Biddle, William | Ky Public Employees’ Deferred Compensation Authority | Written (PDF) |
| FAV | Petersen, Matthew | Individual | Written (PDF) |
| FAV | Speaker, Speaker | Individual | Oral |
| UNF | Gilmore , Deniselobbyist | AFSCME Maryland | Oral + Written (PDF) |
| FWA | Davis, Dereck | Maryland State Treasurer's Office | Oral + Written (PDF) |
| FWA | Atas, Laura | State Treasurer's Office | Oral |
| FWA | Freely, Joshua | TIAA | Oral + Written (PDF) |
| INFO | Bell, Ronda | Maryland Teachers & State Employees Supplemental Retirement Plans | Written (PDF) |