(a) In this title the following words have the meanings indicated. (b) "County" means a county of the State and, unless expressly provided otherwise, Baltimore City. (c) (1) "Special retirement or pension system" means a retirement or pension system that: (i) provides retirement or pension benefits; and (ii) allows a county executive, county council member, county commissioner, or appointed official to participate. (2) "Special retirement or pension system" does not include: (i) a defined contribution plan with benefits determined by an actuarial computation based on employee contributions and the accrued return on those contributions; or (ii) a retirement or pension plan that determines benefit amounts using computations or other specific methods enacted as an ordinance by the governing body.
‹ 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.