Maryland State Personnel and Pensions Section 33-101

CAUTION: READ FULL TEXT OF SECTION FOR SPECIAL NOTE

** SPECIAL NOTE: EFFECTIVE - JULY 1, 2006 - CHAPTER 164 - 2005 **

      (a)      In this title the following words have the meanings indicated.

      (b)      "Designated company" means a company that is designated by the Secretary or the Secretary's designee to offer a Special Pay Plan approved by the Internal Revenue Service.

      (c)      "Eligible employee" means an individual who is eligible to participate in the Special Pay Plan.

      (d)      "Participating employee" means an eligible employee who participates in the Special Pay Plan.

      (e)      "Secretary" means the Secretary of Budget and Management.

      (f)      "Special Pay Plan" means a qualified trust established under § 401(a) of the Internal Revenue Code.