§ 35-501
39 words·~1 min read·
/md/state-personnel-and-pensions/35-501·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§35–501.
(a)There is a salary reduction savings plan for eligible participants as allowed by § 401(k) of the Internal Revenue Code.
(b)The Board shall obtain approval from the Internal Revenue Service for the salary reduction savings plan.