4104

COUNTY LOCAL LAWS

OR

(2) TO RECEIVE A RETIREMENT PENSION, BEGINNING ON
THE FIRST (1ST) DAY OF THE MONTH AFTER HIS SIXTIETH
(60TH) BIRTHDAY, IN AN AMOUNT EQUAL TO THE AMOUNT OF
ACCRUED NORMAL PENSION ATTRIBUTABLE TO HIS PARTICIPANT'S
CONTRIBUTIONS, TOGETHER WITH CREDITED INTEREST THEREON.

(C) IF A TERMINATED PARTICIPANT DIES BEFORE HE
REACHES THE FIRST (1ST) DAY OF THE MONTH AFTER HIS
SIXTIETH (60TH) BIRTHDAY, HIS BENEFICIARY SHALL RECEIVE A
SINGLE LUMP SUM DEATH BENEFIT PAYMENT EQUAL TO HIS
PARTICIPANT'S CONTRIBUTIONS WITH CREDITED INTEREST.

SECTION 1-269. PAYMENT OF BENEFITS.

(A)    A PARTICIPANT'S ANNUAL PENSION SHALL BE
PAYABLE IN MONTHLY INSTALLMENTS EQUAL TO 1/12TH THE
ANNUAL AMOUNT. THE FIRST INSTALLMENT SHALL BE PAYABLE ON
THE DATE SPECIFIED IN SECTION 1-264 OR SECTION 1-265 OF
THIS ARTICLE, AND SUBSEQUENT PAYMENTS SHALL BE PAID ON
THE FIRST (1ST) DAY OF EACH MONTH THEREAFTER, TERMINATING
WITH THE LAST MONTHLY PAYMENT PAYABLE PRIOR TO THE
PARTICIPANT'S DEATH.

(B)    THE MINIMUM MONTHLY PENSION PAYMENT SHALL BE
TEN DOLLARS ($10.00). IF THE ANNUAL PENSION PAYABLE TO A
PAYEE IS LESS THAN ONE HUNDRED TWENTY DOLLARS ($120.00),
PAYMENT MAY BE MADE QUARTERLY AT ONE FOURTH (1/4) THE
ANNUAL RATE; AND IF THE ANNUAL PENSION IS LESS THAN SIXTY
DOLLARS ($60.00), A LUMP SUM WHICH IS THE ACTUARIAL
EQUIVALENT DETERMINED BY THE INSURANCE COMPANY OF THE
ANNUAL PENSION MAY BE PAID IN LIEU OF ALL OF THE RIGHTS
AND BENEFITS OF THE PAYEE UNDER THIS PLAN.

(C)    THE PAYMENTS, BENEFITS, AND REFUNDS HEREUNDER
BEING FOR THE SUPPORT AND MAINTENANCE OF THE PAYEES, NO
SUCH PAYMENTS MAY BE ASSIGNED, COMMUTED OR ANTICIPATED,
AND SHALL BE FREE FROM THE CLAIMS OF ALL CREDITORS TO THE
FULLEST EXTENT PERMITTED BY LAW.

(D)    IF, IN THE JUDGMENT OF THE PERSONNEL OFFICER,
ANY PAYEE IS LEGALLY, PHYSICALLY OR MENTALLY INCAPABLE OF
PERSONALLY RECEIVING AND RECEIPTING FOR ANY PAYMENT DUE
HIM, SUCH PAYMENT OR ANY PART THEREOF MAY BE PAID TO ANY
PERSON OR INSTITUTION WHO, IN THE OPINION OF THE
PERSONNEL OFFICER IS THEN MAINTAINING OR HAS CUSTODY OF
THE PAYEE UNTIL CLAIM IS MADE BY THE DULY APPOINTED
GUARDIAN OR OTHER LEGAL REPRESENTATIVE OF THE PAYEE.

(E)    IF A PAYEE WHO IS RECEIVING BENEFITS (OTHER
THAN DISABILITY BENEFITS) UNDER THIS PLAN IS EMPLOYED OR
RE-EMPLOYED BY THE COUNTY OR THE STATE OF MARYLAND IN ANY
CAPACITY, SUCH BENEFITS SHALL BE REDUCED BY THE AMOUNT OF