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Session Laws, 1979
Volume 737, Page 92   View pdf image
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92

LAWS OF MARYLAND

Ch. 23

(1)   ANY PERSON WHO BECOMES AN EMPLOYEE ON OR AFTER
THE DATE THIS PENSION SYSTEM IS ESTABLISHED IS A MEMBER OF
THIS PENSION SYSTEM.

(2)   ANY PERSON WHO, ON OR AFTER JANUARY 1, 1980, IS
AN EMPLOYEE AND IS A MEMBER OF THE RETIREMENT SYSTEM IS
ENTITLED TO BE A MEMBER IN THIS PENSION SYSTEM, AND MAY
BECOME A MEMBER AS OF THAT DATE, OR THE FIRST DAY OF EACH
MONTH THEREAFTER THROUGH AND INCLUDING JULY 1, 1980, OR ANY
SUBSEQUENT JULY 1, BY FILING WITH THE BOARD OF TRUSTEES AN
EXECUTED WAIVER OF ALL BENEFITS WHICH MIGHT INURE TO HIM
UNDER THE RETIREMENT SYSTEM.

(3)   (A) MEMBERSHIP SHALL BE OPTIONAL FOR AN ELECTED
OR APPOINTED OFFICIAL, AN EMPLOYEE OF THE GOVERNOR'S OFFICE,
OR A DESK OFFICER OR EMPLOYEE OF EITHER HOUSE OF THE GENERAL
ASSEMBLY WHO RECEIVES AN ANNUAL SALARY AS HIS COMPENSATION
FOR HIS EMPLOYMENT. AN OFFICIAL WHO IS ELECTED OR APPOINTED
ON OR AFTER JANUARY 1, 1980, MAY BECOME A MEMBER OF THIS
SYSTEM BY APPLYING AT ANY TIME AFTER HIS ELECTION OR
APPOINTMENT AND BEFORE HIS TERM EXPIRES. THE OFFICIAL IS
ENTITLED TO CREDIT FOR PREVIOUS SERVICE RENDERED BY HIM TO
THE STATE, OR A PARTICIPATING MUNICIPAL CORPORATION,
INCLUDING SERVICE RENDERED BEFORE THE ESTABLISHMENT OF THIS
SYSTEM. ON RECEIVING A CLAIM FOR THIS SERVICE CREDIT FROM
THE OFFICIAL, THE BOARD OF TRUSTEES SHALL VERIFY HIS
PREVIOUS EMPLOYMENT AND THE CREDITABLE SERVICE TO WHICH THE
MEMBER IS ENTITLED, COMPUTE THE AMOUNT DUE FROM THE
POLITICAL SUBDIVISION FOR WHICH CREDIT IS CLAIMED, AND
SUBMIT A STATEMENT TO THE PARTICIPATING MUNICIPAL
CORPORATION FOR THE AMOUNT. THE COMPUTATION SHALL BE BASED
ON THE COMPENSATION ACTUALLY RECEIVED BY THE OFFICIAL FROM
THE MUNICIPAL CORPORATION DURING THE PERIOD FOR WHICH
SERVICE IS TO BE CREDITED. THE PARTICIPATING MUNICIPAL
CORPORATION IMMEDIATELY SHALL PAY THE AMOUNT TO THIS PENSION
SYSTEM OR PLACE IT IN THE NEXT BUDGET FOR PROMPT PAYMENT
WHEN THAT BUDGET BECOMES EFFECTIVE.

(B)   AN OFFICIAL WHO RECEIVES MEMBERSHIP SERVICE
CREDIT FOR SERVICE RENDERED TO THE STATE OR TO A
PARTICIPATING MUNICIPAL CORPORATION UNDER THIS SUBSECTION
SHALL PAY TO THIS PENSION SYSTEM BY SINGLE PAYMENT, WITHIN
THE PERIOD OF TIME DETERMINED BY THE BOARD OF TRUSTEES, THE
CONTRIBUTIONS, WITH INTEREST, THAT HE WOULD HAVE PAID HAD HE
BEEN A MEMBER OF THIS PENSION SYSTEM BUT WITHDREW. HOWEVER,
THE MEMBER MAY WAIVE THE PAYMENT OF ANY OF THESE
CONTRIBUTIONS, IN WHICH CASE WHEN HE RETIRES ANY SERVICE
RETIREMENT ALLOWANCE, ANY ORDINARY DISABILITY RETIREMENT
ALLOWANCE, OR ANY ALLOWANCE DUE TO NONREAPPOINTMENT OR
NONREELECTION TO ANY OFFICE THAT IS PAYABLE TO THE OFFICIAL,
SHALL BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THOSE
CONTRIBUTIONS THAT HE HAD NOT PAID, WITH INTEREST TO DATE OF
HIS RETIREMENT.

(C)   ANY MEMBER OF THIS PENSION SYSTEM WHO HAD
SERVED PREVIOUSLY AS AN ELECTED OR APPOINTED OFFICIAL OF THE

 

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Session Laws, 1979
Volume 737, Page 92   View pdf image
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