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Session Laws, 1979
Volume 737, Page 210   View pdf image
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210

LAWS OF MARYLAND

Ch. 24

(2)   ON RETIREMENT FROM SERVICE, A MEMBER SHALL
RECEIVE A SERVICE RETIREMENT ALLOWANCE THAT SHALL BE
COMPUTED AS 8/10 OF 1 PERCENT OF THE PART OF THE MEMBER'S
AVERAGE FINAL COMPENSATION NOT IN EXCESS OF THE SOCIAL
SECURITY INTEGRATION LEVEL, PLUS 1 AND 5/10 PERCENT OF THE
PART OF THE COMPENSATION IN EXCESS OF THE SOCIAL SECURITY
INTEGRATION LEVEL, MULTIPLIED BY THE NUMBER OF YEARS OF HIS
CREDITABLE SERVICE.

(3)   ON WRITTEN APPLICATION TO THE BOARD OF TRUSTEES
SETTING FORTH WHEN HE DESIRES TO BE RETIRED, ANY MEMBER WHO
IS NOT 62 YEARS BUT IS AT LEAST 55 YEARS OLD AND HAS
COMPLETED 15 YEARS OF ELIGIBILITY SERVICE MAY RETIRE ON AN
EARLY RETIREMENT ALLOWANCE.

(4)   ON EARLY RETIREMENT, A MEMBER SHALL RECEIVE AN
EARLY RETIREMENT ALLOWANCE THAT SHALL BE EQUAL TO THE
SERVICE RETIREMENT ALLOWANCE COMPUTED AS PROVIDED IN
SUBSECTION (2) OF THIS SECTION ON THE BASIS OF HIS AVERAGE
FINAL COMPENSATION AND CREDITABLE SERVICE AT THE TIME OF
EARLY RETIREMENT, REDUCED BY 1/2 OF 1 PERCENT FOR EACH MONTH
BY WHICH HIS EARLY RETIREMENT DATE PRECEDES THE DATE HE
ATTAINS AGE 62.

(5)   (A) ON THE APPLICATION OF A MEMBER OR OF HIS
STATE OR COUNTY SUPERINTENDENT, ANY MEMBER WHO HAS HAD 5 OR
MORE YEARS OF ELIGIBILITY SERVICE MAY BE RETIRED BY THE
BOARD OF TRUSTEES ON AN ORDINARY DISABILITY RETIREMENT
ALLOWANCE, IF THE MEDICAL BOARD, AFTER A MEDICAL EXAMINATION
OF THE MEMBER, CERTIFIES THAT:

(I)   THE MEMBER IS MENTALLY OR PHYSICALLY
INCAPACITATED FOR THE FURTHER PERFORMANCE OF DUTY;

(II)  THE INCAPACITY IS LIKELY TO BE
PERMANENT; AND

(III) THE MEMBER SHOULD BE RETIRED.

(B) IN NO EVENT SHALL A MEMBER RECEIVE A
DISABILITY ALLOWANCE FOR A DISABILITY INCURRED PRIOR TO
ENROLLMENT IN THE RETIREMENT SYSTEM, EXCEPT TO THE EXTENT
THAT SUCH A DISABILITY WAS AGGRAVATED SUBSEQUENT TO THE
MEMBER'S ENROLLMENT.

(6)   ON RETIREMENT ON ORDINARY DISABILITY, A MEMBER
SHALL RECEIVE A SERVICE RETIREMENT ALLOWANCE IF HE IS 62
YEARS OLD OR OLDER, OTHERWISE HE SHALL RECEIVE AN ORDINARY
DISABILITY RETIREMENT ALLOWANCE AS PROVIDED IN SUBSECTION
(2) OF THIS SECTION ON THE BASIS OF HIS AVERAGE FINAL
COMPENSATION AND WITH THE CREDITABLE SERVICE THAT HE WOULD
HAVE RECEIVED HAD HE CONTINUED IN SERVICE TO AGE 62 WITHOUT
ANY CHANGE IN THE RATE OF HIS EARNABLE COMPENSATION.

(7)   ON THE APPLICATION OF A MEMBER OR OF HIS STATE OR
COUNTY SUPERINTENDENT, ANY MEMBER WHO HAS BEEN TOTALLY AND

 

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Session Laws, 1979
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