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MARYLAND TEACHERS & STATE
EMPLOYEES SUPPLEMENTAL
RETIREMENT PLANS
Arthur N Caple, Jr , Executive Director & Secretary
6 St Paul St, Suite 200 (410) 767 8740
Baltimore, MD 21202—1608 fax (410) 767 8739
toll free 1 800 543-5605
BUDGET (CODE GLOO, formerly 26 12 00)
FY1994 FY1995 FY1996
Funds (actual) (actual) (approp )
Special $779,696 $862,407 $891,477
Total Funds $779,696 $862,407 $891,477
Staff
Authorized 12 13 13
Contractual (FTF) 1 0 0
Total Staff 13 13 13
HISTORICAL EVOLUTION
Maryland Teachers' Tax Deferred Annuity Plan, 1963 85
Maryland State Employees Deferred Compensation
Plan, 1974 85
Maryland Teachers & State Employees Supplemental
Retirement Plans, 1985—
MANDATED REPORTS
Annual Report to Governor & General Assembly
ORGANIZATIONAL STRUCTURE
MARYLAND TEACHERS & STATE EMPLOYEES
SUPPLEMENTAL RETIREMENT PLANS
BOARD OF TRUSTEES
Frederick W Puddester, Chair, 1995
Appointed by Governor (who names chair) William D
Barncs, 1995, Edwin S Crawford, 1996, Joseph H
Langhirt, Esq , 1996, Donald W O'Connell, Ph D ,
1996, Stephen M Cordi, Esq , 1997, T Eloise Foster,
1997, Sylvia H Brown, 1999, Larrv E Plummer, 1999
EXECUTIVE DIRECTOR
Arthur N Caple, Jr (410) 767 8740
ADMINISTRATION
Michael T Halpm, Deputy Executive Director
(410) 767 8740
COMMUNIC ATIONS & FIELD OPERATIONS
Delena A Woods Murphy, Director
(410) 767 8740
FINANCE
Moses Daniels, C P A , Director
(410) 767 8740
The State's supplemental retirement plans origi-
nated from three sources In 1963, the Board of
Trustees of the Teachers Retirement System estab-
lished the Maryland Teachers' Tax Deferred Annuity
Plan The Maryland State Employees Deferred Corn
pensation Plan was formed in 1974 (Chapter 433,
Acts of 1974) For State employees, a Savings and
Investment Plan under Internal Revenue Code sec
401(k) began in 1984 (Chapter 746, Acts of 1984 )
The Board of Trustees of the Maryland Teachers
and State Employees Supplemental Retirement
Plans was created in 1985 to administer the State's
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supplemental retirement plans (Chapter 741, Acts
of 1985) These voluntary plans tor tax sheltered
income deferral, tax deferred annuity, profit shar-
ing, and salary reduction enable State employees
and teachers to secure tax advantages The 401 (k)
Transfer Account was authorized by an Internal
Revenue Service private letter ruling, effective De
cember31, 1990
The Board's nine members are appointed to
four-year terms by the Governor who names the
chair (Code 1957, Art 73C, sees 1 8)
TASKFORCE ON THE MARXIAND
pREKm>TurnoN &wings program
Edwin S Crawtord, Chair
Appointed by Governor (who names chair) Joel A
Carnngton, John L Green, Christopher B Nelson,
J D , Charles I? Saunders, Jr , Karl Spam, one
vacancy
Appointed by Senate President not yet appointed
Appointed by House Speaker Mathew J Mossburg,
Mark K Shnver
Appointed by State Treasurer Mark A Reger
Contact Mary S Bode
c/o Maryland Higher Education Commission
16 Francis St
Annapolis, MD 21401 (410)974-2971
Final Report to Governor, Senate Budget &
Taxation Committee, Senate Economic &
Environmental Affairs Committee, House
Appropriations Committee, & House Ways &
Means Committee due Dec 1, 1996
In 1996, the Task force on the Maryland
Prepaid Tuition Savings Program was created
(Chapter 89, Acts of 1996)
UNINSURED EMPLOYERS' FUND
BOARD
Marshall H Feldman, Director
Hampton Plaza, Suite 402
300 East Joppa Road (410) 321 3967
Towson, MD 21286 tax (410) 321 3975
BUDGET (CODE CJOO, formerly 22 10 00)
FY1994 FY1995 FY1996
Funds (actual) (actual) (approp )
General $47^,393 $612,547 $6S7 191
Total $475,393 $612547 $657191
Staff
Authorized 10 10 11
Contractual (FTE) 0 1 1
Total Staff 10 11 12
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