# State Personnel and Pensions (GSP)

## Title 35. Supplemental Retirement Plans

### Subtitle 3. Fiduciaries and Investments

#### Section 35-301

(a) In this section, "fiduciary" means a person with discretionary authority or control over:

  (1) the management or administration of any of the supplemental retirement plans; or

  (2) the management or disposition of the assets of any of the supplemental retirement plans.

(b) A fiduciary is subject to the duties and responsibilities imposed on fiduciaries by Title 21, Subtitle 2 of this article.

(c) A fiduciary is entitled to indemnification and insurance as provided under Sec. 21-207 of this article.

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Md. Code Ann., State Pers. & Pens. (as displayed at mgaleg.maryland.gov, October 16, 2026)