Section 31-101 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Agency on aging” means: (1) an area agency on aging; (2) the Dorchester County Commission on Aging, Inc.; (3) the Somerset County Commission on Aging, Inc.; (4) the Washington County Commission on Aging, Inc.; and (5) the Worcester County Commission on Aging, Inc. (c) “Effective date” means the date that an […]
Section 30-207 – Benefits
Benefits under the program: (1) shall be payable to participating employees or their beneficiaries in accordance with the terms of the annuity contracts; and (2) are not payable by the State or governing board of an employing institution.
Section 31-102 – Eligible Governmental Units
Subject to § 22–202(b) of this article and § 31–109 of this subtitle, the governmental units that are eligible to participate in the employees’ systems are: (1) a political subdivision of the State, including: (i) a county; (ii) a municipal corporation; and (iii) a special taxing area; and (2) the following governmental units: (i) an agency on aging, as designated by […]
Section 30-208 – Review of Designated Companies and Annuity Contracts
(a) Every 3 years the Board of Trustees shall review the performance, form, and contents of the annuity contracts offered under the program. (b) After a review under subsection (a) of this section, the Board of Trustees may: (1) eliminate a designated company from participation in the program; or (2) withdraw approval for a type of annuity contract offered […]
Section 31-103 – Limitation on Number of Eligible Community Action Agencies
A legislative body may not designate more than one community action agency as an eligible governmental unit.
Section 30-209 – Expense Fund
(a) There is an expense fund for the program to which shall be credited and from which shall be paid all money provided in the State budget to pay the administrative and operational expenses of the program. (b) (1) Each year, the Board of Trustees shall estimate the amount of money required to provide for the administrative and […]
Section 31-104 – Eligible Employees of Baltimore Metropolitan Council
The only employees of the Baltimore Metropolitan Council who are eligible to participate in the employees’ systems under this subtitle are those employees who were members of the Employees’ Retirement System or the Employees’ Pension System as employees of the Baltimore Regional Council of Governments on June 30, 1992.
Section 30-210 – Duties of Employing Institutions
With respect to a participating employee who is employed by an employing institution or an institution over which the employing institution has administrative authority, the employing institution shall administer the participating employee’s enrollment, termination, or retirement under the program.
Section 31-105 – Eligible Employees of Canal Place Preservation and Development Authority
The only employees of the Canal Place Preservation and Development Authority who are eligible to participate in the Employees’ Pension System under this subtitle are the Executive Director and the regular full-time employees that are employed by the Canal Place Preservation and Development Authority under § 13-1008(6) of the Financial Institutions Article.
Section 30-210.1 – Indemnification of Covered Individuals Made Party to Action
(a) In this section, “covered individual” means an employee of an employing institution with discretionary authority over the management or administration of any of the supplemental retirement plans or the management or disposition of the assets of any of the supplemental retirement plans. (b) Subject to the provisions of this section, the State shall indemnify a covered […]