Current with changes from the 2024 Legislative Session
Section 31-301 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Employees' system" has the meaning stated in § 31-101 of this title.(c) "Legislative body" has the meaning stated in § 31-101 of this title.(d) "Local pension system" means a retirement or pension system established by the legislative body of an eligible governmental unit that is a qualified plan under § 401(a) of the Internal Revenue Code and provides a defined benefit to its participants.(e) "State system" has the meaning stated in § 20-101(pp) of this article.(f) "Withdrawal date" means the date that a withdrawal by a participating governmental unit from a State system takes effect.Amended by 2017 Md. Laws, Ch. 272,Sec. 1, eff. 7/1/2017.Amended by 2017 Md. Laws, Ch. 271,Sec. 1, eff. 7/1/2017.