Title 32. Optional Defined Contribution System — Subtitle 1. Definitions
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Pers. & Pens. § 32-101 (2026)
Title 32. Optional Defined Contribution System
Subtitle 1. Definitions
§ 32–101LinkCopy Citation
(a)
In this title the following words have the meanings indicated.
(b)
(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an employee of a participating governmental unit or a former participating governmental unit that has withdrawn; or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.
(e)
(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.