Section 30-212 – Indemnification
A designated company or a company authorized to provide supplemental retirement accounts under § 30–401 of this title shall hold harmless and indemnify the State, the Board of Trustees, employing institutions, and the officers, agents, and employees of the State, the Board of Trustees, and employing institutions from any claims or demands arising from any […]
Section 30-301 – Eligible Employees
(a) An individual is eligible to participate in the program only if the individual: (1) is eligible for membership in a retirement system or a pension system; (2) has not previously participated in a State system as an employee of an employing institution or any other unit of State government; and (3) is: (i) a member of the faculty of […]
Section 30-302 – Election to Participate — in General
(a) An election to participate in the program shall be made by an eligible employee at commencement of employment. (b) An eligible employee’s election to participate in the program is a one–time irrevocable election. (c) An individual who previously participated in a State system as an employee of an employing institution or any other unit of State government […]
Section 30-303 – Election to Participate — Employees Employed on or After October 1, 1993
(a) An eligible employee shall elect to: (1) join a pension or retirement system in accordance with the provisions of this Division II applicable to that system; or (2) participate in the program. (b) An eligible employee shall: (1) make an election under this section in writing; and (2) file the election with the Board of Trustees and the employing institution […]
Section 30-304 – Election to Participate — Transfer on or Before July 1, 1981
Unless an eligible employee transferred to a pension system on or before July 1, 1981, the eligible employee may not elect to participate in the program after transferring to a pension system.
Section 30-305 – Election to Participate — Change in Employee Status
(a) This section applies only to a State employee who is appointed, promoted, transferred, or reclassified to a position in which an employee would be eligible to participate in the program. (b) A State employee described in subsection (a) of this section may not elect to participate in the program.
Section 29-303.1 – Vested Allowances for Members of Pension Systems — Lump-Sum Payment
(a) This section applies only to an individual who: (1) is a former member of: (i) the Employees’ Pension System; or (ii) the Teachers’ Pension System; (2) is eligible to receive a vested allowance under § 29-303 of this subtitle; and (3) has not elected to receive a benefit under § 29-303 of this subtitle. (b) Notwithstanding § 29-303 of this subtitle, […]
Section 30-203 – Written Plan Document; Regulations
The Board of Trustees shall adopt and maintain a written plan document for the program and may adopt regulations that it deems necessary to carry out this title.
Section 29-304 – Immediate Vesting for Heads of Units of State Government
(a) An individual who is a secretary of a principal department or a head of a department, office, or other unit of the State government serving at the Governor’s pleasure has immediate vesting rights on taking office in the State system in which the individual is a member. (b) An individual who commences employment as the Executive […]
Section 30-204 – Limitation on Responsibility of Board of Trustees
The Board of Trustees is not responsible for: (1) retirement counseling with respect to the program; (2) preparing or disseminating information with respect to an annuity contract offered by a designated company; or (3) enrolling, terminating, or retiring a participating employee.