Maryland Code § SP-20-209

Section SP-20-209
Open in Lexace · Ask the AI about this section
(a) In conformity with § 401(a)(8) of the Internal Revenue Code, any
forfeiture of benefits by a member or former member of the several systems may not
be used by the Board of Trustees to pay benefit increases.
(b) Any forfeiture of benefits by a member shall be used to reduce employer
contributions.

‹ Prev All Maryland sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.