Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 30-206 - Annuity Contracts -- Right to Benefits Fully Vested and Nonforfeitable — Maryland Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maryland/
  4. State Personnel and Pensions/
  5. Division II - Pensions/
  6. Title 30 - Optional Retirement Program/
  7. Subtitle 2 - Optional Retirement Program/
  8. Section 30-206 - Annuity Contracts -- Right to Benefits Fully Vested and Nonforfeitable
Maryland Legal Code

Section 30-206 - Annuity Contracts -- Right to Benefits Fully Vested and Nonforfeitable

Ask AI about this
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.