208

LAWS OF MARYLAND

Ch. 24

SERVICE FOR ANY PERIOD DURING WHICH A TEACHER IS ON AN
APPROVED LEAVE OF ABSENCE THAT IS INCLUDED IN HIS
ELIGIBILITY SERVICE UNDER § 143(5) OF THIS SUBTITLE.

(7)   ANY CREDITABLE SERVICE TO WHICH A MEMBER RESTORED
TO SERVICE WAS ENTITLED AT THE TIME OF HIS PREVIOUS
TERMINATION OF SERVICE THAT IS INCLUDED IN THE ELIGIBILITY
SERVICE RESTORED UNDER § 143(6) OF THIS SUBTITLE SHALL BE
RESTORED TO HIM PROVIDED HE REPAYS THE AMOUNT OF ANY
ACCUMULATED CONTRIBUTIONS OR ANY LUMP SUM SETTLEMENT
RECEIVED ON HIS PRIOR TERMINATION OF SERVICE, WITH INTEREST
AT A RATE TO BE ESTABLISHED FROM TIME TO TIME BY THE BOARD
OF TRUSTEES. HOWEVER, THAT MEMBER MAY WAIVE THE REPAYMENT
OF THE ACCUMULATED CONTRIBUTIONS, IN WHICH CASE, ON
RETIREMENT, ANY SERVICE RETIREMENT ALLOWANCE OR ANY ORDINARY
DISABILITY RETIREMENT ALLOWANCE PAYABLE TO THE MEMBER SHALL
BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THE CONTRIBUTIONS
THAT HE HAD NOT REPAID, WITH INTEREST TO DATE OF RETIREMENT.

(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 SECTION, A MEMBER
MAY NOT ACCUMULATE MORE THAN 15 DAYS OF SICK LEAVE A YEAR.

(C)   FOR THE PURPOSES OF THIS SECTION, IF A
PUBLIC SCHOOL 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 YEARS OF ELIGIBILITY SERVICE REQUIRED FOR
THE FOLLOWING:

(1)   DEATH BENEFIT;

(2)   ORDINARY DISABILITY;

(3)   VESTING OF EMPLOYER CONTRIBUTIONS;

(4)   EARLY RETIREMENT; AND

(5)   AVERAGE FINAL COMPENSATION.

(9)   IN THE YEAR OF HIS RETIREMENT, A MEMBER MAY
RECEIVE CREDIT OF UP TO 10 YEARS TOWARDS ELIGIBILITY FOR
BENEFITS PROVIDED UNDER § 145 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