2013 Maryland Code
STATE PERSONNEL AND PENSIONS
§ 20-209 - Use of forfeiture of benefits


MD State Pers & Pens Code § 20-209 (2013) What's This?

§20-209.

(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.

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