Section 35-502 – Participants in Plan
An individual is eligible to participate in the salary reduction savings plan if the individual is: (1) an officer of this State; or (2) an employee of this State, including a contractual employee.
Section 35-601 – Deferred Compensation Plan Generally
There is a deferred compensation plan for eligible participants as allowed by § 457 of the Internal Revenue Code.
Section 35-602 – Participants in Plan
An individual is eligible to participate in the deferred compensation plan if the individual is: (1) an officer of this State; (2) an employee of this State, including a contractual employee; (3) an employee of the Northeast Maryland Waste Disposal Authority; (4) an independent contractor who performs service under § 21–304(c) of the Education Article; or (5) an employee of […]
Section 35-701 – Established
There is a Defined Contribution Plan for eligible participants as allowed by § 401(a) of the Internal Revenue Code.
Section 35-702 – Eligibility
An individual is eligible to participate in the Defined Contribution Plan if the individual is an eligible employee as defined in § 32-101 of this article.
Section 36-101 – Declaration of Policy
It is the policy of this State that the benefits available under the federal Social Security Act shall be provided to the employees and officers of this State and its political subdivisions and to their dependents and survivors.
Section 36-102 – Agreement Authorized
As authorized by former Article 89, §§ 30 through 40 of the Code and subject to applicable federal law, the Secretary of Budget and Management, acting on behalf of this State, may enter into, carry out, modify, or terminate an agreement with the Secretary of the United States Department of Health and Human Services to […]
Section 35-204 – Meetings; Expenses; Staff
(a) The Board shall meet at least quarterly at the times and places it determines. (b) Each member of the Board is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget. (c) (1) The Board may employ a staff in accordance with the State budget. (2) The Board may hire consultants, administrators, […]
Section 37-101 – Definitions
(a) In this title the following words have the meanings indicated. (b) “Accumulated contributions”: (1) when used in relation to a State system, has the meaning stated in § 20–101 of this article; and (2) when used in relation to a local retirement or pension system, has the meaning most closely analogous to the meaning stated in § 20–101 […]
Section 35-205 – Duties of the Board
(a) The Board shall: (1) implement, maintain, and administer the supplemental retirement plans; (2) submit progress and status reports to participants in the supplemental retirement plans; and (3) submit an annual report to the Governor and, subject to § 2-1257 of the State Government Article, to the General Assembly. (b) In case of doubt as to whether an individual is […]