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§ 18-118. Pensions or retirement plans

West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2010

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division II. Washington Suburban Sanitary Commission [Titles 16-29] (Refs & Annos)
Title 18. Personnel (Refs & Annos)
Subtitle 1. Personnel Management (Refs & Annos)
Effective: October 1, 2010
MD Code, Public Utilities, § 18-118
§ 18-118. Pensions or retirement plans
Currentness
In general
(a) The Commission may establish a pension or retirement plan for its employees.
Plan contracts and contributions
(b)(1) The Commission may:
(i) contract with an insurance company for a group, annuity, retirement, or pension plan; and
(ii) contribute to the plan as the Commission considers equitable or as required by contract.
(2) The Commission's contribution under paragraph (1)(ii) of this subsection shall be charged as expenses of the several functions of the Commission in the same proportion that the receipts of the respective functions bear to the total receipts of the Commission.

Credits

Added by Acts 2010, c. 37, § 3, eff. Oct. 1, 2010.
MD Code, Public Utilities, § 18-118, MD PUBLIC UTIL § 18-118
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document