Salary reduction savings plan generally

  1. Law
  2. Maryland Code
  3. State Personnel and Pensions
  4. Other Retirement and Pension Provisions
  5. Supplemental Retirement Plans
  6. Salary Reduction Savings Plan
  7. Salary reduction savings plan generally

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    (a)    There is a salary reduction savings plan for eligible participants as allowed by § 401(k) of the Internal Revenue Code.

    (b)    The Board shall obtain approval from the Internal Revenue Service for the salary reduction savings plan.


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