HARRY HUGHES, Governor

1803

Pensions - Funds, Assets, and Health Benefits of Systems

FOR the purpose of providing for the funding of the State pension
and retirement systems by changing provisions for employer
contributions to the State systems and the optional system,
by providing for local reimbursements of certain employer
contributions, by providing for payment of certain employer
costs by local education boards, and by reviewing the costs
of funding certain liabilities of the systems; providing for
the investment of the assets in the State pension and
retirement funds; providing for health insurance benefits
for retirees under the State systems and the optional
systems; stating the purpose of this Act; and relating to
the funds, assets, and health benefits of the State pension
and retirement systems.

Pensions - Health Benefits, and Funds and Assets
of State Systems

FOR the purpose of providing for the funding of the State pension
and retirement systems by changing provisions for employer
contributions to the State systems and the optional system
and by reviewing the costs of funding certain liabilities of
the systems; providing for the investment of the assets in
the State pension and retirement funds; providing for health
insurance benefits for retirees under the optional system,
providing for the extension of or the participation under
certain circumstances in the moratorium on certain payments
by local governments for a certain period of time; stating
the purpose of this Act; and generally relating to the funds
and assets of the State pension and retirement systems.

BY adding to

Article 64A - Merit System
Section 48B and 48C and 48C
Annotated Code of Maryland
(1983 Replacement Volume)

BY repealing and reenacting, with amendments,

Article 73B - Pensions

Section 14(2), 57(b), 89(2), 110(e), 122(2), 150(2), and

161(11)
Annotated Code of Maryland
(1983 Replacement Volume)

BY adding to

Article 73B - Pensions

Section 157 to be under the new subtitle "Local Payment of

Pension Costs"; 162 and 163
Annotated Code of Maryland