(a) The State Retirement Agency may at any time examine the records of a participating employer to determine whether the payment of benefits to a participant and the payment of contributions by a participating employer or participant are and will be in accordance with the provisions of Division II of this article.
(b) Whenever an audit reveals that the payment of benefits to a participant or the payment of contributions by a participating employer or participant is not in accordance with the provisions of Division II of this article:
(1) the State Retirement Agency and participating employer shall correct their records; and
(2) (i) the participating employer shall pay any amounts owed to the accumulation fund of the appropriate State system; and
(ii) the member contributions owed by the participant shall be made by the participant in accordance with § 21–312(e) of this title.
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