(a) Each trustee is entitled to one vote on the Board of Trustees.
(b) A majority of the trustees then serving on the Board of Trustees is a quorum for:
(1) the transaction of any business;
(2) the exercise of any power; or
(3) the performance of any duty authorized or imposed by law.
(c) The Board of Trustees shall set the times and places of its meetings.
(d) A trustee:
(1) may not receive compensation from the several systems for service as a trustee; but
(2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
Structure Maryland Statutes
Title 21 - State Retirement and Pension System
Section 21-101 - System Established; Purpose; Status
Section 21-102 - Composition of System
Section 21-103 - Board of Trustees -- Established
Section 21-104 - Board of Trustees -- Membership
Section 21-105 - Board of Trustees -- Officers
Section 21-106 - Board of Trustees -- Quorum; Meetings; Expenses
Section 21-107 - Board of Trustees -- Legal Adviser
Section 21-108 - Board of Trustees -- Miscellaneous Powers and Duties
Section 21-109 - Board of Trustees -- Budget
Section 21-110 - Board of Trustees -- Regulations
Section 21-111 - Board of Trustees -- Administration and Enforcement; Hearings
Section 21-112 - Board of Trustees -- Annual Report and Statement
Section 21-114 - Investment Committee -- Established
Section 21-115 - Investment Committee -- Membership
Section 21-116 - Investment Committee -- Powers
Section 21-117 - State Retirement Agency -- Established
Section 21-118 - State Retirement Agency -- Executive Director
Section 21-118.1 - Chief Investment Officer
Section 21-119 - State Retirement Agency -- Powers and Duties
Section 21-120 - State Retirement Agency -- Annual Report
Section 21-122 - Investment Division
Section 21-123 - Management of Funds
Section 21-123.1 - Divestiture From Iran and Sudan
Section 21-123.2 - Private Equity and Venture Capital Investments
Section 21-124 - State Treasurer