2025 Regular SessionMaryland Legislature

HB1028: Board of Trustees for the State Retirement and Pension System - Investment Division - Compensation and Staffing

Legislative Summary

Clarifying that the Board of Trustees for the State Retirement and Pension System shall 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; clarifying that the Board of Trustees shall pay certain incentive compensation to certain employees of the Investment Division if the employees retire from the Investment Division in a certain manner; etc.

Demographic Impact

Overall analysis of equity impact

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/3/2025
First Reading Appropriations
House of Delegates
2/21/2025
Hearing 3/11 at 1:00 p.m.
House of Delegates
3/14/2025
Favorable Report by Appropriations
House of Delegates
3/14/2025
Favorable Adopted Second Reading Passed
House of Delegates
3/14/2025
Third Reading Passed (139-0)
House of Delegates
3/17/2025
Referred Budget and Taxation
Senate
3/27/2025
Favorable with Amendments Report by Budget and Taxation
Senate
3/27/2025
Favorable with Amendments {543229/1 Adopted
Senate
3/27/2025
Second Reading Passed with Amendments
Senate
3/28/2025
Third Reading Passed (46-0)
Senate
4/7/2025
House Concurs Senate Amendments
House of Delegates
4/7/2025
Third Reading Passed (138-0)
House of Delegates
4/7/2025
Passed Enrolled
House of Delegates

Amendments

Favorable with Amendments 543229/1 Adopted

Favorable with Amendments 543229/1 Adopted

3/27/2025Adopted

Roll Call Votes

Third Reading Passed
4/7/2025
138
Yea
0
Nay
2
Not Voting
1
Absent
Result: PASSED
Third Reading Passed
3/14/2025
139
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED

Status Information

Current Status
Enrolled(4/7/2025)
Chamber
House of Delegates

Sponsors

Democrat: 1

Documents

Enrolled
Bill Text4/8/2025235.0 KB
Engrossed
Bill Text3/14/2025128.0 KB
Introduced
Bill Text2/4/2025125.5 KB
Vote Image
Vote Image1/1/197045.4 KB
Vote Image
Vote Image1/1/197030.7 KB