288
LAWS OF MARYLAND
Ch. 65
(3) (f) Any member of the Teachers' Retirement System
of the State of Maryland who transferred his credit from the
employees' retirement system of the City of Baltimore prior
to July 1, 1971, from and after July 1, 1972, shall pay the
rate of contribution for his attained age [of] AT the time
of his enrollment in the city system which was in effect at
the time of his enrollment in the State Teachers' System,
except that said rate shall not exceed 5 percent as provided
in § 89(2)(a) of this subtitle.
85.
(7) A member may receive credit towards eligibility
for benefits provided under § 86 of this subtitle for
out-of-state public school teaching service, nonpublic
school teaching service or postsecondary teaching service up
to a maximum of ten years if the member files a claim for it
with the board of trustees and pays into the retirement
system an amount equal to the reserves required to fund the
additional allowance for whatever years of out-of-state
and/or nonpublic school teaching service or postsecondary
teaching service as he may claim. The member may pay for
the reserves on an installment basis by contributing not
less [that] THAN 2 percent of current salary a year; or by
transferring, upon written request to the board of trustees,
any prior contributions to a voluntary retirement benefit,
including an additional annuity under Section 89 (l)(d) of
this article, less any costs of administering that benefit.
Any member electing to contribute toward this service who
retires before completing the payments required to purchase
this service shall receive pro rata credit for service
purchased prior to the date of retirement, but the member
may elect at the time of retirement to make an additional
lump-sum payment for the amount necessary to receive full
credit. In the event a member dies in active service while
paying for credit, and if the credit qualifies for benefits
under § 86(8)(b) of this subtitle, the surviving spouse may
pay for the appropriate final adjustment for such
out-of-state or public school teaching or postsecondary
teaching service as he may have claimed.
87A.
(e) Indemnification may not be made (1) with respect
to any suit, claim, or matter as to which the person was
adjudged to be liable for gross negligence or wilful
misconduct in the performance of his duty to the Teachers'
Retirement System; or (2) for an independent contractor
furnishing services to the Teachers' Retirement [Systems]
SYSTEM.
99.
(a) Should the board of regents of the University of
Maryland elect, by resolution, approved by the board of
trustees of the retirement system, to have the members of
the faculty and staff of that institution, hereinafter
|
|