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Session Laws, 1983
Volume 745, Page 1775   View pdf image
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1775
HARRY HUGHES, Governor
CHAPTER 560 (Senate Bill 875) AN ACT concerning Pensions - Employment of Retired Member FOR the purpose of specifying the conditions under which a person
retired from a State Retirement or Pension System the State
Employees' or Teachers' Retirement System or the State
Pension System for Employees or Teachers may be reemployed. BY repealing and reenacting, with amendments, Article 73B - Pensions Section 11(15), 86(9), 117(14), and 145(13) Annotated Code of Maryland (1978 Replacement Volume and 1982 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: Article 73B - Pensions 11. (15) (A) Notwithstanding any other provisions of the law to
the contrary, a retired member who is receiving a service
retirement allowance may accept temporary employment OR ENTER
INTO A CONTRACT FOR PERSONAL SERVICES WITH THE STATE, LOCAL SCHOOL SYSTEM, LIBRARY, COMMUNITY COLLEGE OR A PARTICIPATING MUNICIPAL CORPORATION [in which all or part of the compensation
thereof comes from State funds, or temporary employment with the
General Assembly of Maryland as an attache, clerk, proofreader,
etc., ] without any reduction in his retirement allowance;
provided he immediately notifies the board of trustees of his
intention to accept such employment and specifies the
compensation to be received therefor and further provided the
retirement allowance receivable by him, computed without optional
modification, plus the annual remuneration for the position,
shall not exceed in the amount the average final compensation
upon which such retirement allowance was based, except that there
shall be no limitation on the retirement allowance for any such
person who has been retired for a period of more than ten years. [ Such temporary employment shall not be in a regularly allocated position and shall not in any consecutive twelve (12)
month period be in excess of six (6) months of full-time
employment or its equivalence in part-time employment ] . The
annual earnings of a service pensioner shall be determined by the
difference between his retirement allowance, at the time of his
retirement, and his average final compensation. FOR EACH $2 THAT
THE SUM OF THE RETIREMENT ALLOWANCE AND REMUNERATION IS GREATER


 
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Session Laws, 1983
Volume 745, Page 1775   View pdf image
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