Maryland Code, STATE PERSONNEL AND PENSIONS 23-501
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Terms Used In Maryland Code, STATE PERSONNEL AND PENSIONS 23-501
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
(a) This section applies to an individual who is a former vested member, retiree, or surviving beneficiary of a deceased member, former vested member, or retiree, who, on or after June 30, 2005, is required to become a former vested member, retiree, or surviving beneficiary of a deceased member, former vested member, or retiree of the Employees’ Pension System as provided under § 21-306(f) or (g) of this article.
(b) An individual described under subsection (a) of this section shall continue to receive benefits in accordance with the provisions of Title 28 of this article.