You should begin the process at least one year before your anticipated retirement date. After you retire, you must wait at least 45 days before accepting employment with any participating employer.If you are 65 or older or totally disabled (or your spouse is totally disabled), you may qualify for Maryland's maximum pension exclusion. A QDRO recognizes the right of an "alternate payee" to receive all or part of a retirement or pension plan that belongs to another person. As a senior citizen, one of the tax benefits you enjoy is a higher income allowance before you are required to file a Maryland income tax return. Discover options for Maryland retirement plan mandate to stay up-to-date with its law and regulations. Contact us and learn more about MarylandSaves. The Maryland State Retirement System (SRS) provides eligible employees with a disability retirement annuity, as well as continued health insurance coverage. However, it fully taxes other types of income, such as withdrawals from an IRA. If I offer MarylandSaves to my employees now and then decide to offer a qualified retirement plan later, what do I do?