Terms Used In Maryland Code, STATE PERSONNEL AND PENSIONS 27-405

  • 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
If a member’s service is terminated by death and the member leaves no spouse, child who is under the age of 26 years or is disabled, or designated beneficiary or beneficiaries, the member’s accumulated contributions shall be paid to the member’s estate.