Md. Code, State Pers. & Pens. § 31-304

Current with changes from the 2024 Legislative Session
Section 31-304 - Transfer of accumulated contributions

If a participating governmental unit withdraws from a State system, the accumulated contributions of the withdrawn employees shall be transferred on the withdrawal date to the administrative board of the local pension system or new State system and credited to the account of those employees.

Md. Code, SPP § 31-304