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Session Laws, 1980
Volume 739, Page 2472   View pdf image
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2472

LAWS OF MARYLAND

Ch. 712

municipal corporation as provided by § 135 of this subtitle.
If the beneficiary is appointed or elected to any office,
the salary or compensation of which is paid by the State or
by a participating municipal corporation, his retirement
allowance shall cease.

140.

In this subtitle the following words have the meaning
indicated.

(1) "Retirement system" means the Teachers' Retirement
System of the State of Maryland as defined in § 82 of this
[subtitle] ARTICLE.

144.

(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, or by
transferring, upon written request to the board of trustees,
[and] ANY prior contributions to a voluntary retirement
benefit, 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 this subtitle, the surviving spouse may pay for the
appropriate final adjustment. Otherwise, the appropriate
final adjustment shall be made in the year in which a member
retires, and shall be for previous service time:

(a)

With

an out-of-state public school;

(b)

With

the federal government;

(c)

With

a nonpublic school;

(d)

With

any municipal corporation;

(e)

As a

postsecondary teacher.

149.

(1) The State shall indemnify every person who is
made, or is threatened to be made, a party to any action,
suit, or proceeding including administrative and
investigative proceedings because of his service in a

 

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Session Laws, 1980
Volume 739, Page 2472   View pdf image
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