Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Subtitle 1 - Administration
Section 21-101 - System Established; Purpose; Status - (a) There is a State Retirement and Pension System. (b)...
Section 21-102 - Composition of System - The State Retirement and Pension System consists of: (1) the...
Section 21-103 - Board of Trustees -- Established - There is a Board of Trustees for the State Retirement...
Section 21-104 - Board of Trustees -- Membership - (a) The Board of Trustees consists of the following 15...
Section 21-105 - Board of Trustees -- Officers - The Board of Trustees shall: (1) elect a chairman annually...
Section 21-106 - Board of Trustees -- Quorum; Meetings; Expenses - (a) Each trustee is entitled to one vote on the...
Section 21-107 - Board of Trustees -- Legal Adviser - The Attorney General is the legal adviser of the Board...
Section 21-108 - Board of Trustees -- Miscellaneous Powers and Duties - (a) (1) The responsibility for the management, general administration, and...
Section 21-109 - Board of Trustees -- Budget - The Board of Trustees shall submit the budget for the...
Section 21-110 - Board of Trustees -- Regulations - (a) The Board of Trustees shall adopt regulations providing for:...
Section 21-111 - Board of Trustees -- Administration and Enforcement; Hearings - (a) (1) As the Board of Trustees considers necessary to...
Section 21-112 - Board of Trustees -- Annual Report and Statement - Each year the Board of Trustees shall: (1) publish a...
Section 21-113 - Board of Trustees -- Correction of Errors in Benefits; Recovery of Improper Payments - (a) Except as provided in § 29–409 of this article,...
Section 21-114 - Investment Committee -- Established - There is an Investment Committee of the Board of Trustees.
Section 21-115 - Investment Committee -- Membership - (a) The Board of Trustees shall: (1) specify by resolution...
Section 21-116 - Investment Committee -- Powers - (a) By resolution, the Board of Trustees shall specify the...
Section 21-117 - State Retirement Agency -- Established - (a) There is a State Retirement Agency. (b) The State...
Section 21-118 - State Retirement Agency -- Executive Director - (a) (1) The Board of Trustees shall appoint the Executive...
Section 21-118.1 - Chief Investment Officer - (a) Notwithstanding any other provision of law, on the recommendation...
Section 21-119 - State Retirement Agency -- Powers and Duties - The State Retirement Agency shall carry out the administrative duties...
Section 21-120 - State Retirement Agency -- Annual Report - (a) On or before December 15 of each year, the...
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...
Section 21-122 - Investment Division - (a) (1) There is an Investment Division in the State...
Section 21-123 - Management of Funds - (a) Except for those assets that the law requires another...
Section 21-123.1 - Divestiture From Iran and Sudan - (a) (1) In this subtitle the following words have the...
Section 21-123.2 - Private Equity and Venture Capital Investments - (a) (1) In this section the following words have the...
Section 21-124 - State Treasurer - (a) (1) The State Treasurer is the custodian of: (i)...
Section 21-125 - Actuary - (a) The Board of Trustees shall designate an actuary who...
Section 21-126 - Medical Boards; Other Physicians - (a) The Board of Trustees shall establish one or more...
Section 21-128 - Retiree Information for Direct Mailings - (a) In this section, “retiree organization” means an organization in...
Subtitle 2 - Fiduciary Responsibilities
Section 21-201 - Definitions - (a) In this subtitle the following words have the meanings...
Section 21-202 - Purposes of Assets of System - The Board of Trustees shall hold the assets of each...
Section 21-203 - Standards of Care - A fiduciary shall discharge the fiduciary's duties with respect to...
Section 21-204 - Duties and Responsibilities of Trustees - (a) (1) Except as otherwise provided in subsection (c) of...
Section 21-205 - Prohibited Transactions Involving System Assets - In exercising authority, control, or discretion with respect to the...
Section 21-206 - Liability of Fiduciary for Breach of Duty - (a) Subject to § 21-207 of this subtitle, a fiduciary...
Section 21-207 - Indemnification of Fiduciaries - (a) Subject to the provisions of this section, the State...
Section 21-208 - Agreement Relieving Fiduciary From Liability - (a) Except as provided in § 21-204(b) and (c) of...
Section 21-209 - Disqualification of Fiduciary; Penalties - (a) (1) Notwithstanding any other law, a person may not...
Section 21-210 - Bond - (a) Except as provided in subsection (c) of this section,...
Subtitle 3 - Funding
Section 21-301 - Funds of Several Systems - (a) In each State system, there is: (1) an accumulation...
Section 21-302 - State Guaranty - (a) The following are obligations of the State: (1) the...
Section 21-303 - Accumulation Funds - (a) The Board of Trustees shall credit to the accumulation...
Section 21-304 - Employer Contributions -- State - (a) (1) In this section the following words have the...
Section 21-305 - Employer Contributions -- Participating Governmental Units - (a) In this section, “employees’ systems” means the Employees’ Pension...
Section 21-305.1 - Employer Contributions -- Normal Contributions - (a) In this section, “employees’ systems” means the Employees’ Pension...
Section 21-305.2 - Employer Contributions -- Accrued Liability Contributions - (a) In this section, “employees’ systems” means the Employees’ Pension...
Section 21-305.3 - Employer Contributions -- Special Accrued Liability Contributions - (a) (1) In this section the following words have the...
Section 21-305.4 - Employer Contributions -- Required Employer Contributions - (a) (1) In this section the following words have the...
Section 21-305.5 - Employer Contributions -- Withdrawal Liability Contribution - (a) (1) In this section the following words have the...
Section 21-305.6 - Employer Contributions -- Partial Withdrawal - (a) (1) In this section the following words have the...
Section 21-306 - Employer Contributions -- Local Fire and Police System - (a) (1) Each fiscal year, on behalf of its employees...
Section 21-306.1 - Employer Contributions -- Law Enforcement Officers' Pension System - (a) (1) Each fiscal year, on behalf of its employees...
Section 21-306.2 - Employer Contributions -- Correctional Officers' Retirement System - (a) (1) Each fiscal year, on behalf of its employees...
Section 21-307 - Employer Contributions -- Miscellaneous - (a) For a permanent employee of a board of supervisors...
Section 21-308 - Employer Contributions -- Payment by State - (a) (1) On or before December 1 of each year,...
Section 21-309 - Employer Contributions -- Payment by Participating Governmental Unit - (a) In this section, “participating governmental unit” includes a county...
Section 21-309.1 - Employer Contributions -- Payment by Local Employers - (a) (1) In this section the following words have the...
Section 21-310 - Employer Contributions -- Payment by Maryland Environmental Service - (a) Each year, the Board of Trustees shall certify to...
Section 21-311 - Annuity Savings Funds - (a) The Board of Trustees shall credit to each member’s...
Section 21-312 - Member Contributions -- in General - (a) To determine the earnable compensation of a member in...
Section 21-313 - Member Contributions -- Employer Pickup of Member Contributions - (a) In this section, “approved employer” means a participating employer...
Section 21-314 - Member Contributions -- Duties of Participating Employers - (a) Each participating employer shall submit to the Board of...
Section 21-315 - Expense Funds - (a) The Board of Trustees shall credit to the expense...
Section 21-316 - State and Local Employer Pro Rata Payments for Administrative and Operational Expenses of Board of Trustees and State Retirement Agency - (a) (1) In this section the following words have the...
Subtitle 4 - Optional Forms of Allowance
Section 21-401 - Election - (a) (1) Subject to paragraph (2) of this subsection, instead...
Section 21-402 - Option Requirements - (a) Each optional form of allowance shall be the actuarial...
Section 21-403 - Description of Options - (a) (1) Under Option 1, if a retiree dies before...
Section 21-404 - Change in Designated Beneficiary -- in General - (a) This section does not apply to the Judges’ Retirement...
Section 21-405 - Change in Designated Beneficiary -- Prohibited for Retirees of Judges' Retirement System - A retiree of the Judges’ Retirement System who has elected...
Section 21-406 - Final Payment - (a) (1) If a designated beneficiary who is receiving payments...
Subtitle 5 - Benefit Administration
Section 21-501 - Deductions From Allowance - (a) A retiree may elect to have the Board of...
Section 21-502 - Exemptions From Execution; Permissible Assignments - (a) (1) Except as provided in paragraph (2) of this...
Section 21-503 - Retirement Counseling - The Board of Trustees shall offer counseling about retirement benefits:...
Section 21-504 - Release of Retiree Information - (a) This section applies only to the: (1) Employees’ Pension...
Section 21-505 - Optional Defined Contribution System Participation; Exchange of Participating Employee Information - The Board of Trustees and the State Board of Trustees...
Section 21-506 - Publication of Notice of Unclaimed Money Held by State Retirement System - (a) This section applies to a former member, retiree, or...
Subtitle 6 - Eligible Rollover Distributions
Section 21-601 - Definitions - (a) In this subtitle the following words have the meanings...
Section 21-602 - Election of Eligible Rollover Distribution - (a) A participant may elect on the form the Board...
Section 21-603 - Regulations - The Board of Trustees shall adopt regulations that are necessary...
Section 21-604 - Written Notice - Within a reasonable time before making an eligible rollover distribution,...
Subtitle 7 - Forfeiture of Benefits
Section 21-701 - Definitions - (a) In this subtitle the following words have the meanings...
Section 21-702 - Applicability of Subtitle - (a) This subtitle applies to an individual who: (1) is...
Section 21-703 - When Benefits Subject to Forfeiture - (a) Benefits under this Division II of this article payable...
Section 21-704 - Forfeiture of Benefits - (a) If the final adjudication of charges results in conviction...
Section 21-705 - Retirement of Employee Before Order Issued - (a) If a public employee has retired before a forfeiture...
Section 21-706 - Application for Retirement - (a) This section applies to a public employee who is...
Section 21-707 - Effect of Order Reversing or Overturning Conviction - (a) (1) On receipt of an order that reverses or...
Section 21-708 - Return of Accumulated Contributions - (a) A public employee subject to a forfeiture order issued...
Section 21-709 - Regulations - The Board of Trustees shall adopt regulations to implement this...