§ 32-101
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/md/state-personnel-and-pensions/32-101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§32–101.
(a)In this title the following words have the meanings indicated.
(1)“Eligible employee” means a member of the Employees’ Pension System or the Employees’ Retirement System who is subject to Selection C (Combination Formula) as provided in § 22-221 of this article, other than:
(i)an employee of a participating governmental unit or a former participating governmental unit that has withdrawn; or
(ii)a member of the Employees’ Pension System who transferred from the Employees’ Retirement System after April 1, 1998.
(2)“Eligible employee” includes:
(i)a member of the Employees’ Pension System who contributes to a State supplemental plan authorized by an employing institution as defined in § 30-101 of this article; or
(ii)a member of the Employees’ Pension System who is an employee of the Northeast Maryland Waste Disposal Authority.
(c)“Optional Defined Contribution System” means the system established under § 32-201 of this title.
(d)“Participating employee” means an eligible employee who participates in the Optional Defined Contribution System.
(1)“State supplemental plan” means a plan qualified under the Internal Revenue Code and:
(i)administered by the Supplemental Board; or
(ii)authorized for eligible employees by an employing institution as defined in § 30-101 of this article.
(2)“State supplemental plan” includes:
(i)a salary reduction plan qualified under § 401(k) of the Internal Revenue Code;
(ii)a tax sheltered annuity plan qualified under § 403(b) of the Internal Revenue Code;
(iii)a deferred compensation plan qualified under § 457 of the Internal Revenue Code; or
(iv)a plan qualified under § 401(a) of the Internal Revenue Code.
(f)“Supplemental Board” means the State Board of Trustees of the Maryland State Employees Supplemental Retirement Plans established under § 35–201 of this article.