Md. Code Regs. 22.01.08.03

Current through Register Vol. 52, No. 1, January 10, 2025

Section 22.01.08.03 - Refund of Accumulated Contributions

A. The Retirement Agency shall pay an applicant the accumulated contributions of the applicant within a reasonable time after receipt by the Retirement Agency of & properly completed application for refund form.

B. If an applicant files a photocopy, electronically transmitted copy, or facsimile copy of the application for refund form with the Retirement Agency, the applicant shall retain any original to provide to the Retirement Agency at the request of the Retirement Agency.

C. When requesting a refund of accumulated contributions, an applicant may request to have all or a portion of the refund that constitutes an eligible rollover distribution paid to an eligible retirement plan in a direct rollover in accordance with State Personnel and Pensions Article, Title 21, Subtitle 6, Annotated Code of Maryland and COMAR 22.07.02.05.

Md. Code Regs. 22.01.08.03

Regulation .03 amended effective 46:3 Md. R. 109, eff. 2/11/2019