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§ 35-501. Salary reduction savings plans

West's Annotated Code of MarylandState Personnel and Pensions

West's Annotated Code of Maryland
State Personnel and Pensions (Refs & Annos)
Division III. Other Retirement and Pension Provisions [Titles 35-End] (Refs & Annos)
Title 35. Supplemental Retirement Plans
Subtitle 5. Salary Reduction Savings Plan (Refs & Annos)
MD Code, State Personnel and Pensions, § 35-501
§ 35-501. Salary reduction savings plans
Currentness
In general
(a) There is a salary reduction savings plan for eligible participants as allowed by § 401(k) of the Internal Revenue Code.
Approval from Internal Revenue Service for plan
(b) The Board shall obtain approval from the Internal Revenue Service for the salary reduction savings plan.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.
MD Code, State Personnel and Pensions, § 35-501, MD ST PERS & PENS § 35-501
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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