Md. Code, State Pers. & Pens. § 30-206

Current with changes from the 2024 Legislative Session

Section 30-206 - Annuity contracts - Right to benefits fully vested and nonforfeitable

In accordance with § 403(b) of the Internal Revenue Code, a participating employee's rights to benefits under an annuity contract purchased under the program shall be fully vested and nonforfeitable.

Md. Code, SPP § 30-206

Amended by 2017 Md. Laws, Ch. 528,Sec. 1, eff. 7/1/2017.

Amended by 2017 Md. Laws, Ch. 527,Sec. 1, eff. 7/1/2017.