US Lawyer Database

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 21-506 – 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 […]