Maryland State Personnel and Pensions Section 10-504

Article - State Personnel and Pensions

§ 10-504.

CAUTION: READ FULL TEXT OF SECTION FOR SPECIAL NOTE

// SPECIAL NOTE: THE FOLLOWING SECTION WAS ADDED BY CHAPTER 535 OF 2005 AND WILL REMAIN IN EFFECT UNTIL SEPTEMBER 30, 2009 //

      Payments under a participating unit's program:

            (1)      shall be made from existing resources of the participating unit;

            (2)      shall be made subject to the terms, limitations, and conditions that are mutually agreed to by the participating unit and the employee applying for benefits;

            (3)      may not exceed a total of $125,000, annually; and

            (4)      may not be made to reimburse an employee for payments made on the employee's student loan.



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