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Session Laws, 1973
Volume 709, Page 3129   View pdf image
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3129
MONTGOMERY COUNTY

provisions, whenever a member with twenty (20) or more
years of actual County service retires on or after
November 1, 1971 pursuant to the provisions of Section
94—62(j), title "Administrative retirement on or after
elective early retirement date," Section 94—62(i),
title "Administrative retirement on or after normal
retirement date," and 94-69(c), title "Discontinued
service pension of County employee members" he shall
be reimbursed all contributions and interest payments
he made in payment for credited service for prior
military service if he requests such reimbursement and
any credited service for prior military service he may
have been granted will be rescinded.

(k) Credited service for prior service as an
elective official as defined in Section 94-61(f).
Each member who is or has been an elective County
official as defined in Section 94-61(f) elected for a
fixed term as specifically provided in the Charter of
Montgomery County, Maryland may obtain credited
service under the Employees' Retirement System of
Montgomery Ccunty for all such service during the
period of March 1,1948 through March 21, 1966. Before
the member may be credited for this service the County
shall pay into the Employees' Retirement System of
Montgomery Ccunty in a lump sum twelve percent (12%)
of all earnings, if any, as such elective official
during this period of time, plus four percent (4%)
interest per annum from the date of his election
through July 1, 1970. Before such elective member may
be credited for any service on or after March 21, 1966
he must pay into the Employees' Retirement System of
Montgomery County in a lump sum or on an extended
payment basis six percent (6%) of his earnings during
the period March 21, 1966 and the date of enactment of
this article, plus four percent (4%) interest per
annum and the County must match such contributions and
interest for this period. If the County Personnel
Board approves the payment of any such contributions
and interest on an extended payment basis, interest of
not less than six and one-half (6 1/2%) percent per
annum will be charged.

(m) Use of compensatory leave and annual leave in
payment for credited service. As provided in the
Personnel Regulations, compensatory leave and annual
leave which an employee has credited to his leave
account may be used in payment for credited service
under the Employees' Retirement System of Montgomery
County. Lapsed salary monies of a member's department

 

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Session Laws, 1973
Volume 709, Page 3129   View pdf image
 Jump to  
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