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Session Laws, 1974
Volume 713, Page 1590   View pdf image
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1590                                          LAWS OF MARYLAND                        [Ch. 392

such computation to be based upon the compensation
actually received by the official from the municipal
corporation daring the period for which service is to be
credited, The participating municipal corporation is
authorized and directed forthwith to pay the said amount
to the retirement system or to place it in the next
ensuing budget for prompt payment when that budget
becomes effective. The board of trustees is authorized
and directed to include any amount due from the State in
the appropriation allowed by the next ensuing State
budget.

Any such official who receiver membership service
credit for service rendered to the State or to a

participating municipal corporation under the provisions
of this subsection shall pay to the retirement system by
single payment, within such period of time as may be

determined by the board of trustees, the contributions,
with interest, which he would have paid had he been a

member of the retirement system but withdrew. Provided,
however, that any such member may waive the payment of
any or all such contributions, in which case upon
retirement any service retirement allowance, any ordinary
disability retirement allowance or any allowance due to
nonreappointment or nonreelection to any office payable
to such official, shall be reduced by the actuarial
equivalent of those contributions which he had not paid,
with interest to date of retirement.

        Provided further that any desk officer or employee

of either house of the General Assembly who was
receiving an annual salary as compensation for such
employment as of February 1, 1981, and who previously
served as a desk officer or employee of either house of
the General Assembly and received per diem compensation
for such previous service, shall be entitled to prior
service credit equal to four years for any four-year term
of a General Assembly during which such previous service
was rendered.

Notwithstanding any other provision of this
article, any member of the retirement system who had
previously served as an elected or appointment official of
the State or a participating municipality, shall be
entitled to receive credit for the period of such
creditable service upon making it a single payment,
within such period of time as may be determined by the
board of trustees, the contributions, with interest,
which the board deems appropriate. For the purpose of
this subsection, creditable service includes service
rendered prior to the date of establishment of the
Retirement System. FOR THE PURPOSE OF THIS SUBSECTION
"YEAR OF SERVICE" SHALL MEAN A YEAR OR ANY PORTION
THEREOF.

 

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Session Laws, 1974
Volume 713, Page 1590   View pdf image
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