SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1999.

Approved April 27, 1999.

CHAPTER 148
(Senate Bill 113)

AN ACT concerning

State Retirement and Pension Systems - Limitations on Benefits and

Contributions

FOR the purpose of prohibiting the Board of Trustees for the State Retirement and
Pension System from paying an allowance that exceeds a certain limit under the
Internal Revenue Code; requiring the State Retirement Agency to reduce an
allowance and certain contributions under certain circumstances; requiring the
State Retirement Agency to pay a participant certain postretirement
adjustments under certain circumstances; requiring that certain other
retirement or pension systems make certain reductions before any reduction is
made by the Board of Trustees; prohibiting the State Retirement Agency from
allowing a member of a State retirement or pension system to purchase prior
service credit under certain circumstances; and generally relating to certain
limitations on benefits and contributions for participants in the State
retirement and pension systems.

BY adding to
Article - State Personnel and Pensions
Section 20-208
Annotated Code of Maryland

(1997 Replacement Volume and 1998 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows.

Article - State Personnel and Pensions

20-208.

(A) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, THE BOARD OF
TRUSTEES MAY NOT PAY AN ALLOWANCE THAT EXCEEDS THE LIMIT ON BENEFIT
ACCRUALS ESTABLISHED FROM TIME TO TIME UNDER § 415 OF THE INTERNAL
REVENUE CODE.

(B) SUBJECT TO SUBSECTIONS, (C) AND (D) OF THIS SECTION, THE AGENCY
SHALL REDUCE: