1786

LAWS OF MARYLAND

Ch. 394

DETERMINED BY ACTUARIAL VALUATION, THE COST OF WHICH SHALL
BE BORNE EQUALLY BY BOTH SYSTEMS.

[32A.

(a)  Any employee who is a member of such a retirement
system and who transfers to another such system as a result
of an involuntary transfer of employment shall have both his
contributions and the employer's contributions transferred
to the system which he thus joins. The employer
contributions so transferred shall be an amount equal to the
employee's accumulated contributions as defined in
subsection (13) of § 1 of this article, unless an actuarial
valuation is requested by the administrative board of either
retirement system, in which case the cost of said valuation
shall be borne equally by the two systems.

(b)  Any employee who has been so transferred, whose
rate of contribution is reduced or increased shall have any
excess contributions he has made refunded to him and shall
pay the amount of any shortage of contributions.]

32A.

(A)  IF AN EMPLOYEE WHO IS A MEMBER OF A RETIREMENT OR
PENSION SYSTEM OPERATED ON AN ACTUARIAL BASIS UNDER THE LAWS
OF THIS STATE OR THE LAWS OF ANY POLITICAL SUBDIVISION OF
THIS STATE TRANSFERS TO ANOTHER RETIREMENT OR PENSION SYSTEM
AS A RESULT OF AN INVOLUNTARY TRANSFER OF THE EMPLOYEE'S
UNIT TO ANOTHER EMPLOYER, ALL THE EMPLOYER'S CONTRIBUTIONS
WITH INTEREST ON BEHALF OF THE EMPLOYEE SHALL BE
TRANSFERRED. THE AMOUNT TO BE TRANSFERRED SHALL BE
DETERMINED BY ACTUARIAL VALUATION, AND THE COST SHALL BE
BORNE EQUALLY BY BOTH SYSTEMS.

(B)  IF A MEMBER TRANSFERS AS THE RESULT OF AN
INVOLUNTARY CHANGE OF EMPLOYER, THE MEMBER'S ACCUMULATED
CONTRIBUTIONS WITH INTEREST, AND SERVICE CREDIT FOR AND IN
THE AMOUNT OF BENEFITS IN THE SYSTEM TO WHICH THE MEMBER
TRANSFERS, SHALL BE AS PROVIDED BY § 32 OF THIS ARTICLE.

32B.

(a) Any employee who was a member of [such] a
retirement system by reason of employment or prior
employment with the Maryland-National Capital Park and
Planning Commission, the Washington Suburban Sanitary
Commission, or the Washington Suburban Transit Commission
and who transfers to another retirement system of a county
within the area encompassed by the responsibilities of these
agencies, shall have both [his] THE EMPLOYEE'S
contributions, if not previously withdrawn, and the
employer's contributions transferred to the system which
[he] THE EMPLOYEE joins. The employer contributions so
transferred shall be an amount equal to the employee's
accumulated contribution as defined in subsection (13) of §
1 of this article, unless an actuarial valuation is