If a participating governmental unit withdraws from a State system, the accumulated contributions of the withdrawn employees shall be transferred on the withdrawal date to the administrative board of the local pension system or new State system and credited to the account of those employees.

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1998, c. 494, § 1, eff. Oct. 1, 1998; Acts 2006, c. 258, § 1, eff. July 1, 2006; Acts 2010, c. 580, § 2, eff. July 1, 2010.

Formerly Art. 73B, §§ 10-106, 10-229.