PARRIS N. GLENDENING, Governor                             Ch. 371

(2)] The Board of Trustees may provide the death benefit as group life
insurance if the Board of Trustees finds that the designated beneficiaries would receive a
more favorable tax treatment of the death benefit.

30-303.

(a)     An eligible employee [initially employed on or after October 1, 1993,] shall
elect to:

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

(2)     participate in the program.

(b)     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.

(C) THE EFFECTIVE DATE OF THE ELECTION SHALL BE THE FIRST DAY OF
THE MONTH AFTER THE ELECTION.

30-304.

[(a) An eligible employee initially employed on or before September 30, 1993, may
elect to participate in the program.

(b)     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 at least 90 days before the effective date of the election.

(c)     Except as provided in § 30-307 of this subtitle, the election is a waiver of all
rights and benefits provided by the retirement system or pension system in which the
participating employee was a member on the effective date of the election.

(d)] Unless an eligible employee transferred to a pension system on or before July
1, 1981, the eligible employee may not elect to participate in the program after
transferring to a pension system.

30-305.

(a)     This section applies only to a State employee who becomes eligible to elect
participation in the program if the employee is appointed, promoted, transferred, or
reclassified to a professional staff position.

(b)     A State employee described in subsection (a) of this section may elect to
participate in the program.

(c)     An eligible employee shall:

- 2447 -