Maryland § 30-205
Full text of Maryland Maryland Code § 30-205, with citation guidance and answers to common questions.
§ 30-205.
(a) Under the program, the State and the participating employees shall contribute, to the extent required, toward the purchase of annuity contracts.
(b) A participating employee may elect to make contributions to no more than two designated companies under the program for the same payroll period, if the Board of Trustees determines that the election of more than one designated company is administratively feasible.
(c) (1) On behalf of each participating employee, the State shall contribute 7.25% of the participating employee’s annual earnable compensation.
(2) If a participating employee’s compensation is paid from special or federal funds or both, the State’s contribution to the program shall be paid from those funds.
(d) The Central Payroll Bureau shall pay contributions to the appropriate designated company for the benefit of each participating employee.
Frequently Asked Questions About Maryland § 30-205
What does Maryland Code § 30-205 cover?
Section 30-205 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 § 30-205?
A common citation format is "Maryland Code § 30-205" (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 § 30-205 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.