SB 1301 - Amends Teacher Pension Funding - Maryland Key Vote
Susan Aumann voted Nay (Passage) on this Legislation.
Timeline
- Executive Signed
- May 22, 2012
- House Bill Passed
- May 16, 2012
- Senate Bill Passed
- May 15, 2012
- Introduced
- May 14, 2012
Related Issues
Stage Details
Title: Amends Teacher Pension Funding
Signed by Governor Martin O'Malley
Title: Amends Teacher Pension Funding
Vote Smart's Synopsis:
Vote to pass a bill that amends funding for teachers' pensions, effective June 1, 2012.
Highlights:
- Requires county Boards of Education or the Baltimore City Board of School Commissioners to pay to the state Board of Trustees the amount required by this chapter to the Teachers' Pension System and Teachers' Retirement System, beginning July 1, 2012 (Sec. 1).
- Increases the amount contributed by each county Board of Education or City Board of School Commissioners to the state Board of Trustees annually, between fiscal years 2013 to 2016 (Sec. 1).
- Requires each county Board of Education or the Baltimore City Board of School Commissioners to pay the state Board of Trustees its full liability to the Teachers' Pension System and Teachers' Retirement System as listed in this chapter, beginning in fiscal year 2017 (Sec. 1).
More Info About this Vote
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Title: Amends Teacher Pension Funding
Vote Smart's Synopsis:
Vote to pass a bill that amends funding for teachers' pensions, effective June 1, 2012.
Highlights:
- Requires county Boards of Education or the Baltimore City Board of School Commissioners to pay to the state Board of Trustees the amount required by this chapter to the Teachers' Pension System and Teachers' Retirement System, beginning July 1, 2012 (Sec. 1).
- Increases the amount contributed by each county Board of Education or City Board of School Commissioners to the state Board of Trustees annually, between fiscal years 2013 to 2016 (Sec. 1).
- Requires each county Board of Education or the Baltimore City Board of School Commissioners to pay the state Board of Trustees its full liability to the Teachers' Pension System and Teachers' Retirement System as listed in this chapter, beginning in fiscal year 2017 (Sec. 1).
More Info About this Vote
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Title: Amends Teacher Pension Funding