Plain Text Law

§ 9-9 Distribution of small account balances.

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

Balt., Md., Code art. 22A, § 9-9 (2026)

§ 9-9 Distribution of small account balances.Copy Citation

If a member experiences a distributable event under § 9-2 {“Distributable events – Retirement”}, § 9-3 {“Distributable events – Disability”}, § 9-4 {“Distributable events – Death”} or § 9-5 {“Distributable events – Other termination of employment”}, and if the member’s total vested account balance on the date of the event is less than $1,000, then the total vested account balance will automatically be distributed to the member (or the member’s beneficiary) without the member (or beneficiary) applying as soon as administratively practicable after 90 days following the distributable event.
History: Ord. 20-458