|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S.B. 866
|
|
|
|
|
|
VETOES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(g) Funding for this pilot program shall be included in the Administration's
annual budget.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2000. It shall remain effective for a period of 3 years and, at the end of
September 30, 2003, with no further action required by the General Assembly, this
Act shall be abrogated and of no further force and effect.
|
|
|
|
|
|
|
|
|
|
May 18, 2000
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis MD 21401
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed Senate Bill 866 - Teachers' Retirement and Pension Systems - Employment by
Private Contractors.
This bill allows a member of the Teachers' Retirement System or Teachers' Pension
System who is hired by a third-party contractor to work in a reconstituted school to
withdraw his or her previous member contributions while employed by the contractor.
The member may redeposit those contributions plus regular interest and restore the
service credit if the member returns to employment with a board of education. The
member may also purchase up to five years of service credit at less than full actuarial
cost of employment with the private contractor.
House Bill 1297, which was passed by the General Assembly and signed by me today,
accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 866.
Sincerely,
Parris N. Glendening
Governor
Senate Bill No. 866
AN ACT concerning
Teachers' Retirement and Pension Systems - Employment by Private
Contractors
FOR the purpose of authorizing certain members of the Teachers' Retirement System
and the Teachers' Pension System who become employed by certain private
contractors the right to withdraw their accumulated contributions; authorizing
certain reinstatement rights for certain prior members of the Teachers'
Retirement System and the Teachers' Pension System; authorizing certain
former members to purchase service credit under certain circumstances; and
generally relating to members of the Teachers' Retirement System and the
|
|
|
|
|
|
|
|
|
|
- 4192 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
