Section 21-709 – Regulations
The Board of Trustees shall adopt regulations to implement this subtitle.
Section 21-504 – Release of Retiree Information
(a) This section applies only to the: (1) Employees’ Pension System; (2) Employees’ Retirement System; (3) Teachers’ Pension System; and (4) Teachers’ Retirement System. (b) The Board of Trustees shall adopt regulations to allow a public employee organization to obtain, for a reasonable fee, each year: (1) the name and last known address of each individual during the last year who became […]
Section 21-505 – Optional Defined Contribution System Participation; Exchange of Participating Employee Information
The Board of Trustees and the State Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans shall exchange information about participating employees of the optional defined contribution system as necessary to administer the system.
Section 21-506 – Publication of Notice of Unclaimed Money Held by State Retirement System
(a) This section applies to a former member, retiree, or a beneficiary of a deceased former member or retiree of a State system who: (1) is entitled to a refund of accumulated contributions and has made no claim for those contributions; or (2) is currently eligible to receive a vested allowance and has not filed an application for […]
Section 21-601 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Direct rollover” means a payment by the State Retirement Agency directly to the eligible retirement plan specified by the participant, the surviving spouse of a participant, or the designated beneficiary of the participant. (c) “Eligible retirement plan” means: (1) an individual retirement account described in § 408(a) […]
Section 21-602 – Election of Eligible Rollover Distribution
(a) A participant may elect on the form the Board of Trustees requires to have all or any part of an eligible rollover distribution paid to an eligible retirement plan in a direct rollover. (b) (1) If an eligible rollover distribution is payable to the designated spouse beneficiary of a member, former member, or retiree, the designated spouse […]
Section 21-603 – Regulations
The Board of Trustees shall adopt regulations that are necessary to carry out this subtitle and that are consistent with the requirements of § 401(a)(31) and any other applicable sections of the Internal Revenue Code and the regulations under those sections.
Section 21-604 – Written Notice
Within a reasonable time before making an eligible rollover distribution, the Board of Trustees shall provide written notices as required under § 402(f) of the Internal Revenue Code.
Section 21-701 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Domestic relations order” means an order issued in accordance with § 21–502(a)(2) of this title, § 414(p) of the Internal Revenue Code, and regulations adopted by the Board of Trustees that assigns a benefit to a spouse, former spouse, child, or other dependent of a […]
Section 21-702 – Applicability of Subtitle
(a) This subtitle applies to an individual who: (1) is a member, former member, or retiree of the Employees’ Retirement System or the Employees’ Pension System; and (2) has earned creditable service while employed as: (i) the Attorney General of the State; (ii) the Comptroller of the State; (iii) the Governor of the State; (iv) the Lieutenant Governor of the State; (v) the […]