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§ 30-201. Optional retirement program

West's Annotated Code of MarylandState Personnel and PensionsEffective: July 1, 2019

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, 2019
MD Code, State Personnel and Pensions, § 30-201
§ 30-201. Optional retirement program
Currentness
In general
(a) There is an optional retirement program in which eligible employees may participate.
Purchase of annuity contracts for participating employees
(b) Under the program, annuity contracts offered by a designated company that provide retirement and death benefits may be purchased for participating employees.
Administration of program
(c)(1) The Board of Trustees shall administer the program to the extent provided in this title.
(2) The State Retirement Agency shall carry out the administrative duties of the Board of Trustees.
Program offered by employing institutions
(d) The program shall be offered by each employing institution.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 2019, c. 207, § 1, eff. July 1, 2019.
Formerly Art. 73B, §§ 11-102, 11-103.
MD Code, State Personnel and Pensions, § 30-201, MD ST PERS & PENS § 30-201
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.
End of Document