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Session Laws, 1961
Volume 654, Page 1720   View pdf image (33K)
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1720                             Joint Resolutions

No. 21
(Senate Joint Resolution 31)

Senate Joint Resolution requesting the Legislative Council to study
the feasibility and advisability of the State's undertaking to pay
a certain part of the percentage contribution of each State em-
ployee to the Employees' Retirement System of the State of
Maryland.

Whereas, State employees currently pay varying percentages of
their salaries from a minimum of 3¼ per cent to a maximum of 9 per
cent to the Employees' Retirement System of the State of Maryland;
and

Whereas, It has been suggested to the General Assembly of Mary-
land that it would be feasible and advisable for the State of Maryland
to undertake the obligation of making at least part of the aforesaid
payments on behalf of such State employees thus increasing their
"take home pay"; and

Whereas, It has been proposed that since the funds actually con-
tributed on behalf of such State employees by the State of Maryland
could not be withdrawn by a State employee upon leaving State
service that the cost to the State of Maryland would be relatively
slight as compared to the benefits being bestowed upon individual
State employees; now therefore be it

Resolved by the General Assembly of Maryland, That the Legis-
lative Council be and it is hereby requested to study the feasibility
and advisability of the State of Maryland's adopting a plan where-
under it will pay all or a certain part of each State employee's per-
centage contribution to the Employees' Retirement System of the
State of Maryland on condition that the money so paid by the State
may not be withdrawn by the employee if he should leave State
service; and be it further

Resolved, That the said Legislative Council gather all necessary
information from the Board of Trustees of the Employees' Retire-
ment System of the State of Maryland, other State agencies, depart-
ments, bureaus and boards and from any other states which may now
have such a plan in force; and be it further

Resolved, That the said Legislative Council be and it is hereby
requested to report the results of its study, together with any recom-
mendations it may make, to the General Assembly in 1962.

Approved May 3, 1961.

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.

 

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Session Laws, 1961
Volume 654, Page 1720   View pdf image (33K)
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