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HARRY HUGHES, Governor
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less than 2 percent of compensation per year, or by
transferring, upon written request to the board of trustees,
any prior contributions to a voluntary retirement benefit,
less any costs of administering that benefit. Contributions
qualifying under § 403(b) of the Internal Revenue Code as
amended from time to time may not be transferred. 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:
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(a) With an out-of-state public school;
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(b) With the federal government;
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(c) With a nonpublic school;
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(d) With any municipal corporation;
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(e) As a postsecondary teacher.
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145.
(1) (a) Any member may retire on written application
to the board of trustees setting forth when he desires to be
retired, provided that the member at the time he specifies
for his retirement shall have attained: (i) 30 years of
creditable service, or (ii) the age and has years of
creditable service as follows [and notwithstanding that
during the period of notification he may have separated from
service]:
Age Years of creditable service
62 with 5
63 with 4
64 with 3
65 or more with 2
Article 88B - State Police
53.
(1) (a) Any member may retire upon written application
to the board of trustees setting forth at what time he or
she desires to be retired, provided that the member at the
time specified for retirement has attained the age of 50 or
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