Md. Code, Labor and Employment § 12-501
This is the official text of Md. Code, Labor and Employment § 12-501, part of Maryland’s Code, Labor and Employment — governs wages, workplace safety, and employee rights.
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§12–501.
Official statutory text
(a) An employer may not be held liable for:
(1) an employee’s decision to participate in or opt out of the Program;
(2) the investment decisions of employees whose assets are deposited in the Program;
(3) the administration, investment, or investment performance of the Trust or the Program; or
(4) the Program design or the benefits paid to Program participants.
(b) An employer is not a fiduciary, and may not be considered to be a fiduciary, of the Trust or the Program.
(1) an employee’s decision to participate in or opt out of the Program;
(2) the investment decisions of employees whose assets are deposited in the Program;
(3) the administration, investment, or investment performance of the Trust or the Program; or
(4) the Program design or the benefits paid to Program participants.
(b) An employer is not a fiduciary, and may not be considered to be a fiduciary, of the Trust or the Program.
Status: in_force · Read it on the official government site
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