Section 30-303 - Election to participate - Employees employed on or after October 1, 1993. - Maryland Statutes

§ 30-303. Election to participate - Employees employed on or after October 1, 1993.
 

(a)  Options.- An eligible employee shall elect to: 

(1) join a pension or retirement system in accordance with the provisions of this Division II applicable to that system; or 

(2) participate in the program. 

(b)  Form.- An eligible employee shall: 

(1) make an election under this section in writing; and 

(2) file the election with the Board of Trustees and the employing institution within 1 year of first becoming an eligible employee of an employing institution. 

(c)  Failure to file within one year bars participation.- An eligible employee may not participate in the program if both the Board of Trustees and the employing institution have not received the eligible employee's written election required under subsection (b) of this section, within 1 year of first becoming an eligible employee with an employing institution. 

(d)  Effective date.- The effective date of the election shall be the first day of the month after the election. 
 

[An. Code 1957, art. 73B, § 11-105; 1994, ch. 6, § 2; 1995, ch. 371; 2007, ch. 334, § 2.]