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 21-501 – Deductions From Allowance
(a) A retiree may elect to have the Board of Trustees deduct from the retiree’s allowance and pay for the retiree: (1) dues for an employee organization; (2) payments to the State Employees’ Credit Union of Maryland, Inc.; (3) all or part of a premium for: (i) insurance offered through an employee organization; or (ii) State-approved medical insurance for retirees; or […]
Section 21-502 – Exemptions From Execution; Permissible Assignments
(a) (1) Except as provided in paragraph (2) of this subsection, a person may not attach, execute, garnish, or otherwise seize any current or future benefit under this Division II or any money in a fund created under this Division II. (2) In accordance with regulations adopted by the Board of Trustees, a court of competent jurisdiction may […]
Section 21-503 – Retirement Counseling
The Board of Trustees shall offer counseling about retirement benefits: (1) to the members, former members, and retirees of each State system; and (2) if a member, former member, or retiree consents, to an immediate family member.