Title 35. Supplemental Retirement Plans — Subtitle 5. Salary Reduction Savings Plan
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Pers. & Pens. § 35-501 (2026)
Title 35. Supplemental Retirement Plans
Subtitle 5. Salary Reduction Savings Plan
§ 35–501LinkCopy Citation
(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.
Md. Code Ann., State Pers. & Pens. § 35-502 (2026)
Title 35. Supplemental Retirement Plans
Subtitle 5. Salary Reduction Savings Plan
§ 35–502LinkCopy Citation
An individual is eligible to participate in the salary reduction savings plan if the individual is:
(1)
an officer of this State; or
(2)
an employee of this State, including a contractual employee.