§ 21-314. Duties of participating employers
West's Annotated Code of MarylandState Personnel and PensionsEffective: July 1, 2019
Effective: July 1, 2019
MD Code, State Personnel and Pensions, § 21-314
§ 21-314. Duties of participating employers
(a) Each participating employer shall submit to the Board of Trustees a statement that shows the name, date of birth, occupational title, duties, compensation, length of service, and other information that the Board of Trustees requires regarding employees or former employees of the participating employer.
(b) Each year the Board of Trustees shall certify the member contribution rates to the chief fiscal officer of each participating employer.
(c)(1) In this subsection, “compensation” means a member's earnable compensation as provided in § 20-101 of this article and includes the amount earned by the member for all pay periods ending during a calendar year even if an amount is paid to the member after December 31 of the calendar year.
(d)(1) A participating employer that does not pay the member contributions certified under this section and submit the supporting payroll data to the Board of Trustees as each payroll is paid and in a manner prescribed by the Board of Trustees is liable for:
(e) On receipt of the payments from the participating employer, the Board of Trustees shall credit the amounts to the individual account of the member, from whose compensation the member contribution is made, in the annuity savings fund of the appropriate system.
Credits
Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1995, c. 371, § 1, eff. Oct. 1, 1995; Acts 1997, c. 159, § 1, eff. July 1, 1997; Acts 1998, c. 468, § 1, eff. July 1, 1998; Acts 2019, c. 8, § 5; Acts 2019, c. 203, § 1, eff. July 1, 2019.
Formerly Art. 73B, §§ 1-103, 1-105, 1-309, 1-310, 10-105, 10-229.
MD Code, State Personnel and Pensions, § 21-314, MD ST PERS & PENS § 21-314
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.
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