Section 20-209 - Use of forfeiture of benefits. - Maryland Statutes

§ 20-209. Use of forfeiture of benefits.
 

(a)  Payment of benefit increases prohibited.- In conformity with § 401(a)(8) of the Internal Revenue Code, any forfeiture of benefits by a member or former member of the several systems may not be used by the Board of Trustees to pay benefit increases. 

(b)  Reduction of employer contributions allowed.- Any forfeiture of benefits by a member shall be used to reduce employer contributions. 
 

[2009, ch. 561.]