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Session Laws, 1973, Special Session
Volume 710, Page 412   View pdf image
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412                                               LAWS OF MARYLAND                                  [Ch. 2

SHALL AT SIXTY YEARS OF AGE BE ENTITLED TO A PENSION
AS PROVIDED IN THIS SUBSECTION; OR SHALL BE ENTITLED
TO WITHDRAW HIS ACCUMULATED CONTRIBUTIONS PLUS
INTEREST AT FOUR PER CENTUM (4%) CALCULATED FROM THE
DATE OR DATES OF PAYMENT AND SHALL FORFEIT ANY PENSION
RIGHTS UNDER THE PROVISIONS OF THIS SUBSECTION. ANY
JUDGE WHO WITHDRAWS HIS CONTRIBUTION AND IS
SUBSEQUENTLY APPOINTED AS A JUDGE OF THE COURT OF
APPEALS, COURT OF SPECIAL APPEALS, CIRCUIT COURT, OR
SUPREME BENCH MAY OBTAIN CREDIT FOR HIS PRIOR YEARS'
SERVICE AS A JUDGE BY THE PAYMENT IN A LUMP SUM, OF AN
AMOUNT EQUAL TO THE ACCUMULATED CONTRIBUTIONS AND
INTEREST WITHDRAWN, PLUS INTEREST AT FOUR PER CENTUM
(4%) FROM THE DATE OF WITHDRAWAL TO THE DATE OF
DEPOSIT.

IF A JUDGE DIES PRIOR TO TERMINATION OF
ACTIVE SERVICE AND IS NOT SURVIVED BY A SPOUSE
QUALIFIED FOR A PENSION UNDER §58 OF THIS ARTICLE, THE
ACCUMULATED CONTRIBUTIONS PLUS INTEREST OF FOUR PER
CENTUM (4%) SHALL BE PAID TO THE JUDGE'S ESTATE. IF A
JUDGE WHO IS RECEIVING A PENSION DIES AND IS NOT
SURVIVED BY A SPOUSE QUALIFIED FOR A PENSION UNDER §58
OF THIS ARTICLE OR A SPOUSE WHO IS RECEIVING A PENSION
UNDER §58 OF THIS ARTICLE DIES, NO PORTION OF THE
ACCUMULATED CONTRIBUTIONS SHALL BE PAID TO EITHER
ESTATE.

IN NO EVENT SHALL ANY JUDGE MAKE THE
CONTRIBUTIONS PROVIDED FOR BY THIS SUBSECTION FOR MORE
THAN SIXTEEN YEARS.

(5)   THERE SHALL BE NO LOCAL SUPPLEMENTATION
OF PENSIONS FOR JUDGES WHO ELECT TO RECEIVE A PENSION
UNDER THIS SUBSECTION IN ANY AMOUNT THAT WILL MAKE THE
TOTAL OF STATE AND LOCAL PENSION EXCEED $20,000.

JUDGES ENTITLED TO A STATE PENSION UNDER THE
PROVISIONS OF THIS SUBSECTION OF MORE THAN $20,000 MAY
RECEIVE THE AMOUNT TO WHICH THEY ARE ENTITLED BUT
SHALL NOT BE ELIGIBLE TO RECEIVE ANY LOCAL
SUPPLEMENTATION.

(6)    EACH JUDGE COVERED BY THE PENSION PLAN
PROVIDED FOR IN THIS SUBSECTION SHALL BE SUBJECT TO
THE BENEFITS AND THE LIMITATIONS OF §55 (E), (F) AND

(G) AND §58 OF THIS ARTICLE.

(7)    THE CONTRIBUTIONS HADE UNDER THIS
SUBSECTION SHALL BE CREDITED TO THE APPROPRIATE FUND
OF THE EMPLOYEES' RETIREMENT SYSTEM OF THE STATE OF

 

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Session Laws, 1973, Special Session
Volume 710, Page 412   View pdf image
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