Maryland State Personnel and Pensions Section 29-302.1

      (a)      This section applies only to an individual who:

            (1)      is a former member of:

                  (i)      the Employees' Retirement System; or

                  (ii)      the Teachers' Retirement System;

            (2)      is eligible to receive a vested allowance under § 29-302 of this subtitle; and

            (3)      has not elected to receive a benefit under § 29-302 of this subtitle.

      (b)      Notwithstanding § 29-302 of this subtitle, an individual under subsection (a) of this section may elect a lump-sum payment equal to the present value of the individual's vested allowance if:

            (1)      the vested allowance is less than $50 a month;

            (2)      (i)      the individual is not a member of the Optional Retirement Program and has terminated any employment with a participating employer for the State; or

                  (ii)      the individual is a member of the Optional Retirement Program and has terminated employment with an employing institution as defined in § 30-101(e) of this article; and

            (3)      the individual requests a lump-sum payment of the vested allowance on a form provided by the State Retirement Agency.