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Session Laws, 1972
Volume 708, Page 2848   View pdf image
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2848                            County Local Laws

Article II Employees' Retirement System of Montgomery County
shall be applicable, and other provisions of this sub-section noted
hereinabove shall be deleted therefrom.

18-17. Benefits generally.

(n) Use of sick leave for obtaining credited service. If a
member retiring on or after May 1, 1970 elects to have his accumu-
lated sick leave credited for retirement purposes in lieu of partici-
pating in any sick leave bonus incentive plan or payment plan provided
in Personnel Regulation, each one hundred seventy-six (176) hours
of accumulated sick leave will be considered as being the equivalent
of one month of credited service for retirement purposes. Not more
than four thousand two hundred twenty-four (4224) hours of such
accumulated sick leave shall be creditable for retirement purposes and
any accumulated sick leave less than twenty-two (22) days shall not
be creditable for retirement purposes.

Not more than two thousand one hundred twelve (2112) hours of
accumulated sick leave may be used by a member paying a contribu-
tion rate of six and one-half (6½%) percent or seven (7%) percent,
to accelerate his normal retirement date.

Not more than four thousand two hundred twenty-four (4224)
hours of accumulated sick leave may be used by a member having a
contribution rate of seven and one-half (7½%) percent to accelerate
his normal retirement date.

18-17. Benefits generally.

(o) Whenever the cost-of-living adjustment plan provided by
Section 94-68, Pension Payment Options and Cost-of-Living Adjust-
ments, of the Employees' Retirement System of Montgomery County
is implemented it shall be fully applicable to the retired members of
the Police Relief and Retirement Fund of Montgomery County and
the provisions of Section 18-17(i) and (j) shall automatically be
repealed in their entirety, and all sub-sections following thereafter
appropriately relettered. Except as specifically provided in Section
94-68 (f), Cost-of-Living Adjustment Formula, the amount of retire-
ment pay being received by a Group D retired member shall not be
reduced upon the abolishment of Sections 18-17(i) and (j).

Sec. 3. Effective date.

This Act shall take effect on the 76th day following its enactment.
Effective: February 1, 1971

 

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Session Laws, 1972
Volume 708, Page 2848   View pdf image
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