# Maryland SB 0810: Board of Trustees for the State Retirement and Pension System - Investment Division - Compensation and Staffing

Maryland SB 0810, Board of Trustees for the State Retirement and Pension System - Investment Division - Compensation and Staffing, is a 2025 Regular Session Senate bill sponsored by M. Jackson; status signed, last action 2025-05-20 (Approved by the Governor - Chapter 772); PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/MD-SB0810-2025RS
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0810
- State: Maryland
- Session: 2025 Regular Session
- Title: Board of Trustees for the State Retirement and Pension System - Investment Division - Compensation and Staffing
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-03
- Last action: 2025-05-20, Approved by the Governor - Chapter 772
- Sponsor: M. Jackson
- Cosponsors: 0
- Subjects: State Government - Pensions and Retirement, Administrative Agencies, Committees and Commissions, Investments -see also- Securities, Public Officials -see also- Atty Gen; Compt; Coun Admin; etc, Reports, Retirement -see also- Mandatory Retirement, Salaries and Compensation -see also- Overtime; Reimb. Rates, Standards and Best Practices, State Employees, Time, Work, Labor, and Employment -see also- JobTrn; Leave; etc.
- Touches household money: yes
- Roll calls: 2 (179 yes, 0 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Maryland pension investment staff face pay limits: cost, low. Beginning July 1, 2025, Maryland’s pension board sets Investment Division jobs, qualifications, and pay using committee recommendations and public-pension comparisons. The board also sets the investment chief’s appointment and leave, based on recommendations from the Executive Director and committe…
- Pension investment bonuses face caps and delays: mixed, low. Beginning July 1, 2025, Maryland’s pension board can award the investment chief and eligible investment staff performance bonuses under objective criteria. Staff annual bonuses cannot exceed 33% of pay excluding bonuses; only jobs with investment decision-making power qualify. Staff must meet inves…
- New oversight of pension investment staff pay: mixed, low. Beginning July 1, 2025, a Compensation and Staffing Committee replaces Maryland’s pension board’s Objective Criteria Committee. It recommends objective rules for investment-chief and staff qualifications, pay, and bonuses; the board retains final authority. Membership includes the budget secretary…

## Sponsors and cosponsors

- Sponsor: M. Jackson

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-07 | House | Third Reading Passed | pass | 137 | 0 | 3 |
| 2025-03-17 | Senate | Third Reading Passed | pass | 42 | 0 |   |

## Actions (13)

- 2025-05-20: Approved by the Governor - Chapter 772
- 2025-04-07: Returned Passed (Senate)
- 2025-04-07: Third Reading Passed (137-0) (House)
- 2025-04-04: Favorable Adopted Second Reading Passed (House)
- 2025-04-04: Favorable Report by Appropriations (House)
- 2025-03-19: Hearing 3/25 at 1:00 p.m. (House)
- 2025-03-17: Referred Appropriations (House)
- 2025-03-17: Third Reading Passed (42-0) (Senate)
- 2025-03-14: Second Reading Passed with Amendments (Senate)
- 2025-03-14: Favorable with Amendments {383628/1 Adopted (Senate)
- 2025-03-14: Favorable with Amendments Report by Budget and Taxation (Senate)
- 2025-02-05: Hearing 2/27 at 9:00 a.m. (Senate)
- 2025-02-03: First Reading Budget and Taxation (Senate)

## Bill text

- Enacted, 2025-05-20: [PDF](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_772_sb0810t.pdf)
- Third Reading, 2025-03-14: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0810t.pdf)
- First Reading, 2025-02-03: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0810f.pdf)

## Related bills

- HB 0384: Maryland Disability Service Animal Program - Established (vetoed)
- SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions (vetoed)
- HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination Review Process (vetoed)
- SB 0157: Maryland Disability Service Animal Program - Established (vetoed)
- HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization (became law)
- HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard (signed)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_772_sb0810t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0810t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0810f.pdf)

## Related
- [HB 0384: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-HB0384-2025RS)
- [SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions](https://policyrisk.com/state-bill/MD-SB0227-2025RS)
- [HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination…](https://policyrisk.com/state-bill/MD-HB0482-2025RS)
- [SB 0157: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-SB0157-2025RS)
- [HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization](https://policyrisk.com/state-bill/MD-HB1294-2025RS)
- [HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard](https://policyrisk.com/state-bill/MD-HB0228-2025RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/MD-SB0810-2025RS (as of 2026-10-17).