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 […]