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Section 31-304 - Transfer of Accumulated Contributions — Maryland Law | CourtGPT
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  3. Maryland/
  4. State Personnel and Pensions/
  5. Division II - Pensions/
  6. Title 31 - Participating Governmental Units/
  7. Subtitle 3 - Withdrawal by A Participating Governmental Unit/
  8. Section 31-304 - Transfer of Accumulated Contributions
Maryland Legal Code

Section 31-304 - Transfer of Accumulated Contributions

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If a participating governmental unit withdraws from a State system, the accumulated contributions of the withdrawn employees shall be transferred on the withdrawal date to the administrative board of the local pension system or new State system and credited to the account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