Maryland Code, STATE PERSONNEL AND PENSIONS 35-101
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Terms Used In Maryland Code, STATE PERSONNEL AND PENSIONS 35-101
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) In this title the following words have the meanings indicated.
(b) “Board” means the State Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans.
(c) “Supplemental retirement plans” means the deferred compensation, tax sheltered annuity, salary reduction savings plans, and any other plans authorized by this title.