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§ 30-206. Ownership of annuity contracts

West's Annotated Code of MarylandState Personnel and PensionsEffective: July 1, 2017

West's Annotated Code of Maryland
State Personnel and Pensions (Refs & Annos)
Division II. Pensions [Titles 20-34] (Refs & Annos)
Title 30. Optional Retirement Program
Subtitle 2. Optional Retirement Program (Refs & Annos)
Effective: July 1, 2017
MD Code, State Personnel and Pensions, § 30-206
§ 30-206. Ownership of annuity contracts
Currentness
In accordance with § 403(b) of the Internal Revenue Code, a participating employee's rights to benefits under an annuity contract purchased under the program shall be fully vested and nonforfeitable.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 2017, c. 527, § 1, eff. July 1, 2017; Acts 2017, c. 528, § 1, eff. July 1, 2017.
Formerly Art. 73B, § 11-103.
MD Code, State Personnel and Pensions, § 30-206, MD ST PERS & PENS § 30-206
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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