| 1 | 1 | | |
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| 2 | 2 | | |
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| 3 | 3 | | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. |
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| 4 | 4 | | [Brackets] indicate matter deleted from existing law. |
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| 5 | 5 | | *hb0486* |
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| 6 | 6 | | |
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| 7 | 7 | | HOUSE BILL 486 |
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| 8 | 8 | | P6 2lr2099 |
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| 9 | 9 | | |
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| 10 | 10 | | By: Delegate Ebersole |
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| 11 | 11 | | Introduced and read first time: January 21, 2022 |
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| 12 | 12 | | Assigned to: Appropriations |
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| 13 | 13 | | |
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| 14 | 14 | | A BILL ENTITLED |
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| 15 | 15 | | |
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| 16 | 16 | | AN ACT concerning 1 |
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| 17 | 17 | | |
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| 18 | 18 | | State Retirement and Pension System – Prorated Payment of Benefits on Death 2 |
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| 19 | 19 | | |
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| 20 | 20 | | FOR the purpose of providing for the prorated payment of benefits when a designated 3 |
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| 21 | 21 | | beneficiary or retiree of the State Retirement and Pension System dies; and 4 |
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| 22 | 22 | | generally relating to payment of benefits on the death of a designated beneficiary or 5 |
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| 23 | 23 | | retiree of the State Retirement and Pension System. 6 |
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| 24 | 24 | | |
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| 25 | 25 | | BY repealing and reenacting, with amendments, 7 |
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| 26 | 26 | | Article – State Personnel and Pensions 8 |
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| 27 | 27 | | Section 21–406 9 |
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| 28 | 28 | | Annotated Code of Maryland 10 |
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| 29 | 29 | | (2015 Replacement Volume and 2021 Supplement) 11 |
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| 30 | 30 | | |
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| 31 | 31 | | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12 |
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| 32 | 32 | | That the Laws of Maryland read as follows: 13 |
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| 33 | 33 | | |
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| 34 | 34 | | Article – State Personnel and Pensions 14 |
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| 35 | 35 | | |
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| 36 | 36 | | 21–406. 15 |
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| 37 | 37 | | |
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| 38 | 38 | | (a) [(1) If] WHEN a designated beneficiary who is receiving payments for life 16 |
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| 39 | 39 | | dies [on or before the 15th day of a month, the Board of Trustees may not pay any portion 17 |
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| 40 | 40 | | of the designated beneficiary’s allowance to the designated beneficiary’s estate for the 18 |
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| 41 | 41 | | month in which the death occurs. 19 |
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| 42 | 42 | | |
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| 43 | 43 | | (2) If a designated beneficiary who is receiving payments for life dies on or 20 |
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| 44 | 44 | | after the 16th day of a month], the Board of Trustees shall pay to the designated 21 |
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| 45 | 45 | | beneficiary’s estate the [entire] PART OF THE allowance due to the designated beneficiary 22 |
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| 46 | 46 | | for the month in which the death occurs. 23 |
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| 47 | 47 | | 2 HOUSE BILL 486 |
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| 48 | 48 | | |
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| 49 | 49 | | |
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| 50 | 50 | | (b) [(1) If] WHEN a retiree dies [on or before the 15th day of a month, the Board 1 |
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| 51 | 51 | | of Trustees may not pay any portion of the retiree’s allowance to the designated beneficiary 2 |
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| 52 | 52 | | or the retiree’s estate for the month in which the death occurs. 3 |
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| 53 | 53 | | |
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| 54 | 54 | | (2) If a retiree dies on or after the 16th day of a month], the Board of 4 |
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| 55 | 55 | | Trustees shall pay the [entire] PART OF THE allowance due to the retiree for the month in 5 |
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| 56 | 56 | | which the death occurs: 6 |
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| 57 | 57 | | |
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| 58 | 58 | | [(i)] (1) to the designated beneficiary; or 7 |
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| 59 | 59 | | |
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| 60 | 60 | | [(ii)] (2) if there is no designated beneficiary, to the retiree’s estate. 8 |
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| 61 | 61 | | |
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| 62 | 62 | | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 9 |
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| 63 | 63 | | 1, 2022. 10 |
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