Maryland Statutes
§ 31-2A-05
(a)This section applies only to a local plan that is a qualified plan under § 401(a) of the Internal Revenue Code and provides a defined benefit to its participants.
(b)If an eligible governmental unit approves participation in the Law Enforcement Officers’ Pension System, the operation of the local plan or State system with respect to the law enforcement officers, firefighters, emergency medical technicians, or paramedics terminates on the effective date.
(c)(1) On the effective date:
(i)the assets to the credit of the local plan or State system that relate to the law enforcement officers, firefighters, emergency medical technicians, or paramedics who elect to become members shall be transferred to the Law Enforcement Officers’ Pension System; and
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Nearby Sections
15
§ 31-101
§ 31-101§ 31-102
§ 31-102§ 31-103
§ 31-103§ 31-104
§ 31-104§ 31-105
§ 31-105§ 31-106
§ 31-106§ 31-106.1
§ 31-106.1§ 31-106.2
§ 31-106.2§ 31-107
§ 31-107§ 31-108
§ 31-108§ 31-109
§ 31-109§ 31-109.1
§ 31-109.1§ 31-110
§ 31-110§ 31-111
§ 31-111§ 31-111.1
§ 31-111.1