Bill > HB144

This bill renames the Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to the Board of Trustees of the Maryland State Employees Supplemental Retirement Plans by removing references to "Teachers and" from various sections of Maryland law. The bill ensures a smooth transition by specifying that the new board is the direct successor to the previous board, with all existing powers, obligations, personnel, records, assets, and liabilities carried over. The legislation maintains the continuity of the board's operations and specifies that current board members will retain their positions for the remainder of their appointed terms. The bill also requires that existing printed materials (like letterhead and business cards) with the old name continue to be used until exhausted, and mandates that the Annotated Code of Maryland be updated to reflect the name change. The Maryland State Personnel and Pensions article will be amended to reflect this new nomenclature, with the name change becoming effective on July 1, 2025. Importantly, the bill does not alter the fundamental structure or functions of the retirement plans board, but simply updates its official name.

Budget and Finance

Appropriations (H)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0144?ys=2025RS