Section 38-105 – Regulations
A governmental unit authorized to administer a State or local retirement or pension system may adopt regulations to carry out this subtitle.
Section 38-201 – Service Credit Required in Local Retirement Systems for Members of General Assembly
(a) This section applies only to individuals who are members of the General Assembly from and after January 15, 1963. (b) Notwithstanding any provisions of general or local law to the contrary, any member of a local retirement system that is operated on an actuarial basis, as described in Title 37 of this article, who is on […]
Section 39-101 – Definitions
(a) In this title the following words have the meanings indicated. (b) “County” means a county of the State and, unless expressly provided otherwise, Baltimore City. (c) (1) “Special retirement or pension system” means a retirement or pension system that: (i) provides retirement or pension benefits; and (ii) allows a county executive, county council member, county commissioner, or appointed official to […]
Section 39-102 – Creation of a Special Retirement or Pension System by County
(a) A county may not create a special retirement or pension system that allows the system’s benefits to be set or amended by a means other than by ordinance enacted by the governing body of the county. (b) On or after February 1, 1996, a county may create a special retirement or pension system if the system […]
Section 39-103 – System Allowing Benefits to Be Set or Amended by Means Other Than Ordinance
If a county has created a special retirement or pension system that allows or has allowed the system’s benefits to be set or amended by a means other than by ordinance enacted by the governing body of the county, on or before January 31, 1996, the governing body of the county shall: (1) (i) modify the system […]
Section 39-104 – Termination of a System
(a) If a special retirement or pension system is terminated, the governing body of the county shall provide, by ordinance, for a distribution of the assets of the system in an equitable and nondiscriminatory manner to the system’s members, former members, retirees, and beneficiaries to the extent they would be eligible to receive a benefit under […]
Section 35-302 – Restrictions on Investments
(a) Assets of the supplemental retirement plans may be deposited and invested in accordance with the investment elections allowed under the supplemental retirement plans as selected and determined by the Board in accordance with the statements of investment policy adopted by the Board from time to time notwithstanding any other law limiting the types of investments […]
Section 37-203 – Transfers in General
(a) This section does not apply to a transfer of service credit to or from the State Alternate Contributory Employees’ Pension System, the State Alternate Contributory Teachers’ Pension System, the State Contributory Employees’ Pension System, the State Contributory Law Enforcement Officers’ Pension System, the State Contributory Teachers’ Pension System, the State Reformed Contributory Employees’ Pension System, […]
Section 35-401 – Tax Sheltered Annuity Plan Generally
There is a tax sheltered annuity plan for eligible participants as allowed by § 403(b) of the Internal Revenue Code.
Section 35-402 – Participants in Plan
An individual is eligible to participate in the tax sheltered annuity plan if the individual: (1) is eligible for coverage under § 403(b) of the Internal Revenue Code; and (2) is an officer or employee of: (i) this State; or (ii) any other governmental entity in this State, including a county board of education.