Maryland Code, STATE PERSONNEL AND PENSIONS 35-402
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Terms Used In Maryland Code, STATE PERSONNEL AND PENSIONS 35-402
- 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.
- County: means a county of the State or Baltimore City. See
- including: means includes or including by way of illustration and not by way of limitation. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
An individual is eligible to participate in the tax sheltered annuity plan if the individual:
(1) is eligible for coverage under § 403(b) of the Internal Revenue Code; and
(2) is an officer or employee of:
(i) this State; or
(ii) any other governmental entity in this State, including a county board of education.