The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
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.
Parris N. Glendening