Section 31-303 – Date Withdrawal Takes Effect
A withdrawal and transfer under § 31-302 of this subtitle takes effect at the end of the State’s fiscal year.
Section 31-304 – Transfer of Accumulated Contributions
If a participating governmental unit withdraws from a State system, the accumulated contributions of the withdrawn employees shall be transferred on the withdrawal date to the administrative board of the local pension system or new State system and credited to the account of those employees.
Section 31-305 – Transfer of Assets
(a) As of the effective date of withdrawal of a participating governmental unit, the Board of Trustees shall transfer to the administrative board of the local pension system or new State system the portion of the assets that are allocable to the withdrawn employees as determined under § 21–305.5, § 21–305.6, § 21–306, § 21–306.1, or […]
Section 31-306 – Payment of Administrative Costs
A participating governmental unit shall pay all administrative costs involved in the withdrawal or reentry if the participating governmental unit: (1) withdraws all or some of its employees from a State system; or (2) elects to participate in a State system for employees who were previously withdrawn.
Section 31-115 – Interim or Supplemental Allowances
(a) A participating governmental unit may establish, by law, a separate additional program of interim or supplemental allowances for a class of employees. (b) A participating governmental unit shall fund any additional program of allowances separately from the funding for benefits provided under this Division II. (c) (1) On the written request of a participating governmental unit that desires […]
Section 31-2B-06 – Local Detention Center Officer of Queen Anne’s County
(a) This section applies to an individual who is a local detention center officer of Queen Anne’s County before the effective date, and who remains a local detention center officer of Queen Anne’s County through the effective date. (b) Notwithstanding any other provision of law, if Queen Anne’s County becomes a participating governmental unit in the Correctional […]
Section 31-116 – Contributory Pension Benefit
(a) On or before December 31, 2002, a participating governmental unit may elect to provide its employees with the contributory pension benefit under Title 23 of this article as provided in this section by submitting its election on a form provided by the State Retirement Agency. (b) (1) If a participating governmental unit elects to provide its employees […]
Section 31-2B-07 – Correctional Officers’ Retirement System Participation by Kent County Local Detention Center Officers
(a) This section applies to an individual who is a local detention center officer of Kent County before the effective date, and who remains a local detention center officer of Kent County through the effective date. (b) Notwithstanding any other provision of law, if Kent County becomes a participating governmental unit in the Correctional Officers’ Retirement System, […]
Section 31-116.1 – Alternate Contributory Pension Selection
(a) On or before June 30, 2007, a participating governmental unit may elect to provide its employees with the Alternate Contributory Pension Selection under Title 23, Subtitle 2, Part III of this article by submitting its election on a form provided by the State Retirement Agency. (b) An election by a participating governmental unit under this section […]
Section 31-301 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Employees’ system” has the meaning stated in § 31–101 of this title. (c) “Legislative body” has the meaning stated in § 31–101 of this title. (d) “Local pension system” means a retirement or pension system established by the legislative body of an eligible governmental unit that is […]