Maryland § 29-302.1
Full text of Maryland Maryland Code § 29-302.1, with citation guidance and answers to common questions.
§ 29-302.1.
(a) This section applies only to an individual who:
(1) is a former member of:
(i) the Employees’ Retirement System; or
(ii) the Teachers’ Retirement System;
(2) is eligible to receive a vested allowance under § 29-302 of this subtitle; and
(3) has not elected to receive a benefit under § 29-302 of this subtitle.
(b) Notwithstanding § 29-302 of this subtitle, an individual under subsection (a) of this section may elect a lump-sum payment equal to the present value of the individual’s vested allowance if:
(1) the vested allowance is less than $50 a month;
(2) (i) the individual is not a member of the Optional Retirement Program and has terminated any employment with a participating employer for the State; or
(ii) the individual is a member of the Optional Retirement Program and has terminated employment with an employing institution as defined in § 30-101(e) of this article; and
(3) the individual requests a lump-sum payment of the vested allowance on a form provided by the State Retirement Agency.
Frequently Asked Questions About Maryland § 29-302.1
What does Maryland Code § 29-302.1 cover?
Section 29-302.1 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 29-302.1?
A common citation format is "Maryland Code § 29-302.1" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 29-302.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.