The Chapter 7 trustee objected to the debtors' exemption of a deferred compensation plan. This opinion holds that The Maryland State Employees Deferred Compensation Plan and Trust (the "Plan") is a pension plan that is both excludable from the debtors' bankruptcy estate pursuant to Section 541(c)(2) of the Bankruptcy Code and and that even if it is includable in the estate pursuant to 11 U.S.C. § 541(a), it is exemptible from the estate pursuant to the law of the State of Maryland. Accordingly, the objection will be overruled, for the following reasons.