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Session Laws, 1985
Volume 760, Page 4210   View pdf image
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EXECUTIVE ORDERS

1.  The annual contribution is to be deducted over a
term of one year beginning with the first pay period
which begins in January or the initial date of
employment, if later, and ending with the last pay
period which begins in December.

2.  An equal amount is to be deducted each pay period.

3.  The employee may not change the amount deducted each
pay period during the one year life of the
deduction.

4.  The employee shall be informed of these restrictions
before the deduction is requested.

5.  The employee may voluntarily discontinue the
deduction at any time, but a discontinued deduction
may not be reinstated.

United States Savings Bonds

The State of Maryland cooperates with the United States
Treasury Department in making payroll deductions
available for up to three different United States
Savings Bonds.

Tax Deferred Annuities and Disability Plans

The State of Maryland offers to employees of the
institutions of higher education various tax deferred
annuities, LIFE INSURANCE PLANS and disability plans
that have been approved by the Board of Trustees of the
State Universities and Colleges, Morgan State
University, St. Mary's College, THE STATE BOARD FOR
COMMUNITY COLLEGES, THE STATE BOARD FOR HIGHER
EDUCATION, or THE BOARD OF REGENTS OF the University of
Maryland. In addition, the Maryland State Retirement
Systems also offer a tax deferred annuity. No expansion
in these deductions is permitted without the concurrence
of the appropriate governing body and the support of the
Payroll Center.

Insurance Afforded to Federal Civil Service Employees

The State of Maryland affords an insurance payroll
deduction to Federal Civil Service employees who are
currently paid by the State since it is a condition of
their employment.

Deductions for Employee Organizations and Associations

Subject to the general limitations stated in this Order,
any employee labor organization or association of
management officials or supervisors is entitled to
payroll deduction privileges provided the organization

 

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Session Laws, 1985
Volume 760, Page 4210   View pdf image
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