§ 35-501

Md. Code Ann., State Pers. & Pens. § 35-501

Salary reduction savings plans

Effective Oct 1, 1994Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.State of Maryland

(a) There is a salary reduction savings plan for eligible participants as allowed by § 401(k) of the Internal Revenue Code.
(b) The Board shall obtain approval from the Internal Revenue Service for the salary reduction savings plan.

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.