In accordance with § 403(b) of the Internal Revenue Code, a participating employee's rights to benefits under an annuity contract purchased under the program shall be fully vested and nonforfeitable.

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 2017, c. 527, § 1, eff. July 1, 2017; Acts 2017, c. 528, § 1, eff. July 1, 2017.

Formerly Art. 73B, § 11-103.