Current with changes from the 2024 Legislative Session
Section 39-101 - Definitions(a) In this title the following words have the meanings indicated.(b) "County" means a county of the State and, unless expressly provided otherwise, Baltimore City.(c)(1) "Special retirement or pension system" means a retirement or pension system that:(i) provides retirement or pension benefits; and(ii) allows a county executive, county council member, county commissioner, or appointed official to participate.(2) "Special retirement or pension system" does not include: (i) a defined contribution plan with benefits determined by an actuarial computation based on employee contributions and the accrued return on those contributions; or(ii) a retirement or pension plan that determines benefit amounts using computations or other specific methods enacted as an ordinance by the governing body.