§ 20-209

Md. Code, State Personnel and Pensions § 20-209, under Article — State Personnel and Pensions.

Md. Code, State Personnel and Pensions § 20-209

(a) In conformity with § 401(a)(8) of the Internal Revenue Code, any forfeiture of benefits by a member or former member of the several systems may not be used by the Board of Trustees to pay benefit increases.

(b) Any forfeiture of benefits by a member shall be used to reduce employer contributions.