Maryland Statutes
Title 30 - Optional Retirement Program
Subtitle 2 - Optional Retirement Program

Section 30-201 - Establishment of Program - (a) There is an optional retirement program in which eligible...

Section 30-202 - Powers and Duties of Board of Trustees - (a) The Board of Trustees may designate not more than...

Section 30-203 - Written Plan Document; Regulations - The Board of Trustees shall adopt and maintain a written...

Section 30-204 - Limitation on Responsibility of Board of Trustees - The Board of Trustees is not responsible for: (1) retirement...

Section 30-205 - Contributions - (a) Under the program, the State and the participating employees...

Section 30-206 - Annuity Contracts -- Right to Benefits Fully Vested and Nonforfeitable - In accordance with § 403(b) of the Internal Revenue Code,...

Section 30-207 - Benefits - Benefits under the program: (1) shall be payable to participating...

Section 30-208 - Review of Designated Companies and Annuity Contracts - (a) Every 3 years the Board of Trustees shall review...

Section 30-209 - Expense Fund - (a) There is an expense fund for the program to...

Section 30-210 - Duties of Employing Institutions - With respect to a participating employee who is employed by...

Section 30-210.1 - Indemnification of Covered Individuals Made Party to Action - (a) In this section, “covered individual” means an employee of...

Section 30-211 - Duties of Designated Companies - (a) Before enrolling a participating employee, each designated company shall...

Section 30-212 - Indemnification - A designated company or a company authorized to provide supplemental...