Md. Code Ann., Lab. & Empl. § 12-501
Limitation on liability of employer
Effective Jul 1, 2016Added by Acts 2016, c. 323, § 1, eff. July 1, 2016; Acts 2016, c. 324, § 1, eff. July 1, 2016.State of Maryland
(a) An employer may not be held liable for:
- (1) an employee's decision to participate in or opt out of the Program;
- (2) the investment decisions of employees whose assets are deposited in the Program;
- (3) the administration, investment, or investment performance of the Trust or the Program; or
- (4) the Program design or the benefits paid to Program participants.
- (b) An employer is not a fiduciary, and may not be considered to be a fiduciary, of the Trust or the Program.
Added by Acts 2016, c. 323, § 1, eff. July 1, 2016; Acts 2016, c. 324, § 1, eff. July 1, 2016.