Maryland Code > STATE PERSONNEL AND PENSIONS > Division II > Title 21 > Subtitle 6 – Eligible Rollover Distributions
Current as of: 2023 | Check for updates
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Other versions
§ 21-601 | Definitions |
§ 21-602 | Election of eligible rollover distribution |
§ 21-603 | Regulations |
§ 21-604 | Written notice |
Terms Used In Maryland Code > STATE PERSONNEL AND PENSIONS > Division II > Title 21 > Subtitle 6 - Eligible Rollover Distributions
- 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.
- 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
- Contract: A legal written agreement that becomes binding when signed.
- Conviction: A judgement of guilt against a criminal defendant.
- 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
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See