Section 21-101 - System established; purpose; status. - Maryland Statutes

§ 21-101. System established; purpose; status.
 

(a)  Established.- There is a State Retirement and Pension System. 

(b)  Purpose.- The State Retirement and Pension System shall provide benefits under this Division II for participants in the several systems. 

(c)  Status.- The State Retirement and Pension System has the powers and privileges of a corporation. 
 

[An. Code 1957, art. 73B, § 1-102; 1994, ch. 6, § 2.]