Current with changes from the 2024 Legislative Session
Section 12-501 - Employer liability(a) An employer may not be held liable for: (1) an employee's decision to participate in or opt out of the Program;(2) the investment decisions of employees whose assets are deposited in the Program;(3) the administration, investment, or investment performance of the Trust or the Program; or(4) the Program design or the benefits paid to Program participants.(b) An employer is not a fiduciary, and may not be considered to be a fiduciary, of the Trust or the Program.Added by 2016 Md. Laws, Ch. 324,Sec. 1, eff. 7/1/2016.Added by 2016 Md. Laws, Ch. 323,Sec. 1, eff. 7/1/2016.