# State Personnel and Pensions (GSP)

## Title 35. Supplemental Retirement Plans

### Subtitle 5. Salary Reduction Savings Plan

#### Section 35-501

(a) There is a salary reduction savings plan for eligible participants as allowed by Sec. 401(k) of the Internal Revenue Code.

(b) The Board shall obtain approval from the Internal Revenue Service for the salary reduction savings plan.

#### Section 35-502

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.

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