- A. The Retirement Agency shall pay an applicant the accumulated contributions of the applicant within a reasonable time after receipt by the Retirement Agency of a properly completed application for refund form.
- B. If an applicant files a photocopy, electronically transmitted copy, or facsimile copy of the application for refund form with the Retirement Agency, the applicant shall retain any original to provide to the Retirement Agency at the request of the Retirement Agency.
- C. When requesting a refund of accumulated contributions, an applicant may request to have all or a portion of the refund that constitutes an eligible rollover distribution paid to an eligible retirement plan in a direct rollover in accordance with State Personnel and Pensions Article, Title 21, Subtitle 6, Annotated Code of Maryland and COMAR 22.07.02.05.
Authority: State Personnel and Pensions Article, §§21-110, 21-603, 29-501, and 29-502, Annotated Code of Maryland
Effective date: January 1, 1996 (22:26 Md. R. 2031)
Effective January 1, 1996, all of Title 22 was repealed and completely new regulations adopted. Codification and organization of the title were also completely changed. Consequently, the administrative histories of the revised Title 22 do not reflect regulatory activity before January 1, 1996. Refer to the old version of Title 22 or contact the Maryland State Archives for assistance.
Regulation .01 amended effective February 11, 2019 (46:3 Md. R. 109)
Regulation .02 amended effective February 11, 2019 (46:3 Md. R. 109)
Regulation .03 amended effective February 11, 2019 (46:3 Md. R. 109)