Maryland Statutes
Subtitle 1 - Administration
Section 21-121 - State Retirement Agency -- Audit of Benefit Payments; Correction of Records; Payment of Amounts Owed

(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

Maryland Statutes

State Personnel and Pensions

Division II - Pensions

Title 21 - State Retirement and Pension System

Subtitle 1 - Administration

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 21-113 - Board of Trustees -- Correction of Errors in Benefits; Recovery of Improper Payments

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 21-121 - State Retirement Agency -- Audit of Benefit Payments; Correction of Records; Payment of Amounts Owed

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

Section 21-125 - Actuary

Section 21-126 - Medical Boards; Other Physicians

Section 21-128 - Retiree Information for Direct Mailings