---
type: "Bill"
title: "State Retirement and Pension System - Immediate Vesting"
description: "State Retirement and Pension System - Immediate Vesting"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2024"
identifier: "SB 266"
citation: "Maryland SB 266 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 15
vote_count: 2
first_action: "2023-09-10"
last_action: "2024-04-09"
source: "openstates"
source_identifier: "ocd-bill/96067066-5859-44d0-88d4-d8600602b2df"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0266?ys=2024RS&search=True"
source_hash: "765646a66a720c383619be53a893c623584947f565d29b2dc0f4bb6f5c8a71a3"
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 266 (2024) — State Retirement and Pension System - Immediate Vesting

## Version chain

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

1. **Chapter - State Retirement and Pension System - Immediate Vesting** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/Chapters_noln/CH_54_sb0266t.pdf)
2. **First - State Retirement and Pension System - Immediate Vesting** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0266f.pdf)
3. **Third - State Retirement and Pension System - Immediate Vesting** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0266t.pdf)

## Votes

- On Third Reading — **101–33** (pass) · lower
- On Third Reading — **46–0** (pass) · upper

## Sponsors

- Chair, Budget and Taxation Committee — primary (organization)

## Timeline

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

- **2023-09-10** Pre-filed `introduction`
- **2024-01-10** First Reading Budget and Taxation `referral-committee`
- **2024-01-10** Hearing 1/25 at 9:30 a.m.
- **2024-02-14** Favorable Report by Budget and Taxation `committee-passage-favorable`
- **2024-02-15** Favorable Adopted `committee-passage-favorable`
- **2024-02-15** Second Reading Passed
- **2024-02-20** Third Reading Passed `passage`
- **2024-02-21** Referred Appropriations `referral-committee`
- **2024-03-16** Hearing 3/19 at 1:00 p.m.
- **2024-03-29** Favorable Report by Appropriations `committee-passage-favorable`
- **2024-03-29** Favorable Adopted `committee-passage-favorable`
- **2024-03-29** Second Reading Passed
- **2024-04-03** Third Reading Passed `passage`
- **2024-04-04** Returned Passed
- **2024-04-09** Approved by the Governor - Chapter 54 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/96067066-5859-44d0-88d4-d8600602b2df`. Confidence: reported (aggregated from official Maryland legislature records).