HARRY HUGHES, Governor

177

(8)   (A) ON VERIFICATION TO THE BOARD OF TRUSTEES, A
MEMBER AT THE TIME OF RETIREMENT SHALL RECEIVE CREDITABLE
SERVICE FOR UNUSED SICK LEAVE IN ACCORDANCE WITH THE FORMULA
THAT 22 DAYS OF UNUSED SICK LEAVE ARE EQUAL TO 1 MONTH OF
CREDITABLE SERVICE. ONE ADDITIONAL MONTH OF CREDITABLE
SERVICE SHALL BE GRANTED IF FRACTIONAL DAYS TOTALING 11 OR
MORE RESULT FROM THE APPLICATION OF THIS FORMULA.

(B)   FOR THE PURPOSE OF THIS SUBSECTION, A
MEMBER MAY NOT ACCUMULATE MORE THAN 15 DAYS OF SICK LEAVE A
YEAR.

(C)   FOR THE PURPOSES OF THIS SECTION, IF ANY
EMPLOYER PROVIDES AN ANNUAL SICK LEAVE ALLOWANCE IN EXCESS
OF 15 DAYS, THE DAYS OF SICK LEAVE ACTUALLY USED IN ANY YEAR
SHALL BE CHARGED FIRST TO THE EXTENT OF THE EXCESS.

(D)   SICK LEAVE CREDITABLE SERVICE MAY NOT BE
USED TO DETERMINE THE YEARS OF ELIGIBILITY SERVICE REQUIRED
FOR THE FOLLOWING:

(I)   DEATH BENEFIT;

(II)  ORDINARY DISABILITY;

(III) VESTING OF EMPLOYER CONTRIBUTIONS;

(IV)  EARLY RETIREMENT; AND

(V)   AVERAGE FINAL COMPENSATION.

(9)   IN THE YEAR OF HIS RETIREMENT, CREDIT OF UP TO 10
YEARS MAY BE RECEIVED BY A MEMBER TOWARDS ELIGIBILITY FOR
BENEFITS PROVIDED UNDER § 117 OF THIS SUBTITLE, IF THE
MEMBER FILES CLAIM FOR IT WITH THE BOARD OF TRUSTEES AND
PAYS INTO THIS PENSION SYSTEM AN AMOUNT EQUAL TO THE
RESERVES REQUIRED TO FUND THE ADDITIONAL ALLOWANCE, WHICH
MAY BE PAID ON AN INSTALLMENT BASIS BY CONTRIBUTING NOT LESS
THAN 2 PERCENT OF COMPENSATION PER YEAR WITH THE APPROPRIATE
FINAL ADJUSTMENTS BEING MADE IN THE YEAR IN WHICH THE MEMBER
RETIRES, FOR PREVIOUS SERVICE TIME:

(A)   WITH THE DEPARTMENT OF LEGISLATIVE
REFERENCE;

(B)   WITH THE STATE LAW DEPARTMENT;

(C)   WITH THE SPEAKER OF THE HOUSE OR THE
PRESIDENT OF THE SENATE AS A SECRETARY;

(D)   WITH THE COMMISSION TO REVISE THE ANNOTATED
CODE OR ANY SUCCESSOR AGENCY;

(E)   WITH THE DIVISION OF EMPLOYMENT SERVICE
WHILE UNDER FEDERAL CONTROL;