---
type: "Bill"
title: "State Retirement and Pension System - Investment Division - Compensation"
description: "State Retirement and Pension System - Investment Division - Compensation"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2022"
identifier: "SB 739"
citation: "Maryland SB 739 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Elfreth"]
version_count: 3
action_count: 15
vote_count: 2
first_action: "2022-02-07"
last_action: "2022-05-16"
source: "openstates"
source_identifier: "ocd-bill/9be03850-1b6c-44b7-bdf3-17e7580ce9ee"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0739?ys=2022RS&search=True"
source_hash: "efd0e7c6b5039fba56635085e1cebd92cf32bc8d5769251039786a3ea944abd9"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 739 (2022) — State Retirement and Pension System - Investment Division - Compensation

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - State Retirement and Pension System - Investment Division - Compensation** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/Chapters_noln/CH_356_sb0739t.pdf)
2. **First - State Retirement and Pension System - Investment Division - Compensation** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/sb/sb0739f.pdf)
3. **Third - State Retirement and Pension System - Investment Division - Compensation** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/sb/sb0739t.pdf)

## Votes

- On Third Reading — **47–0** (pass) · upper
- On Third Reading — **97–37** (pass) · lower

## Sponsors

- Chair, Joint Committee on Pensions — primary (organization)
- Elfreth — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-02-07** First Reading Budget and Taxation `referral-committee`
- **2022-02-10** Hearing 2/24 at 8:30 a.m.
- **2022-03-04** Favorable Report by Budget and Taxation `committee-passage-favorable`
- **2022-03-07** Favorable Adopted `committee-passage-favorable`
- **2022-03-07** Second Reading Passed
- **2022-03-10** Third Reading Passed `passage`
- **2022-03-11** Referred Appropriations `referral-committee`
- **2022-03-13** Hearing 3/22 at 1:00 p.m.
- **2022-03-22** Hearing canceled
- **2022-03-22** Hearing 3/22 at 1:40 p.m.
- **2022-04-05** Favorable Report by Appropriations `committee-passage-favorable`
- **2022-04-05** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2022-04-06** Third Reading Passed `passage`
- **2022-04-07** Returned Passed
- **2022-05-16** Approved by the Governor - Chapter 356 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/9be03850-1b6c-44b7-bdf3-17e7580ce9ee`. Confidence: reported (aggregated from official Maryland legislature records).