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Session Laws, 1973
Volume 709, Page 3138   View pdf image
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3138

COUNTY LOCAL LAWS

(c) Discontinued service pension of employee
members. Notwithstanding anything to the contrary in
this article, should any County employee member,
regardless of age, who has completed ten (10), fifteen
(15), or twenty (20) years of continuous County
service in a full—time position vacate his position by
reason of its abolishment or downgrading, or should
such County employee member's employment tenure or
status be terminated or be affected adversely by an
act of the County Executive, the Chief Administrative
Officer, the County Attorney, the Administrative
Hearing Examiner, the head of a principal department,
office or agency of the County Government or any
appointing authority or the County Council or any
member thereof, the General Assembly of the State of
Maryland, or the electorate of Montgomery County:

(1)  such member, if he has at least ten
(10) years of continuous County service may elect, in
lieu of the return of his member contributions with
interest, to receive a pension commencing on his early
retirement date equal to two percent (2%) of the final
earnings multiplied by his years of credited service,
up to a maximum of thirty—six years, or effective
immediately if he has attained his elective early
retirement date and he is at least forty—five (45)
years of age.

(2)  such member, if he has at least fifteen
(15) years of continuous County service may elect, in
lieu of the return of his member contributions with
credited interest to receive a pension commencing on
his early retirement date equal to two percent (2%) of
his final earnings multiplied by his years of credited
service up to a maximum of thirty-six years, or
effective immediately if he has attained his elective
early retirement date and he is at least forty—five
(45) years of age.

(3)   such member, if he has at least twenty
(20) years of continuous County service, be has
attained his elective early retirement date and he is
at least forty-five (45) years of age may elect in
lieu of the return of his member contributions with
credited interest to receive a pension commencing
immediately equal to two (2%) percent of his final
earnings multiplied by his actual years of credited
service up to thirty-six (36) years or fifty percent
(50%) of his final earnings whichever is greater.

 

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Session Laws, 1973
Volume 709, Page 3138   View pdf image
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