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1776 LAWS OF MARYLAND Ch. 560
THAN THE AVERAGE FINAL COMPENSATION, $1 SHALL BE DEDUCTED FROM
THE RETIREMENT ALLOWANCE.
(B) IF A MEMBER RETIRED FROM THE EMPLOYEES'
RETIREMENT SYSTEM OF THE STATE OF MARYLAND IS REEMPLOYED IN A
PERMANENT POSITION WITH THE STATE, LOCAL SCHOOL SYSTEM, LIBRARY,
COMMUNITY COLLEGE OR A PARTICIPATING MUNICIPAL CORPORATION, THE
MEMBER'S RETIREMENT SHALL BE CANCELED AND:
(I) THE RETIREMENT ALLOWANCE PAYMENTS SHALL
TERMINATE AFTER THE LAST DAY OF THE MONTH PRECEDING THE DATE OF
RETURN TO ACTIVE SERVICE AND THE INDIVIDUAL SHALL BECOME A MEMBER
OF THE EMPLOYEES' RETIREMENT SYSTEM OF THE STATE OF MARYLAND, OR
THE TEACHERS' RETIREMENT SYSTEM OF THE STATE OF MARYLAND AS
APPLICABLE TO THE POSITION.
(II) ALL PREVIOUS CREDITABLE SERVICE SHALL BE
RESTORED TO THE ACCOUNT OF THE MEMBER.
(III) THE MEMBER SHALL BE CREDITED WITH SERVICE
PERFORMED FROM THE DATE OF REEMPLOYMENT TO THE DATE OF THE
MEMBER'S LATER RETIREMENT.
(IV) UPON LATER RETIREMENT OR DEATH IN ACTIVE
SERVICE, THE MEMBER'S RESERVES SHALL BE REDUCED BY THE TOTAL
AMOUNT OF PAYMENTS MADE TO THE MEMBER DURING HIS OR HER EARLIER
RETIREMENT, UNLESS THE SYSTEM IS REIMBURSED FOR SUCH PAYMENTS BY
THE MEMBER.
86.
(9) (A) Notwithstanding any other provision of 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 therefor
comes from State funds, 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 amount the average final
compensation upon which such retirement allowance was based,
except that there shall be no limitation on retirement allowance
for any such member who has been retired for a period of more
than ten years. 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 THAN THE AVERAGE FINAL
COMPENSATION, $1, SHALL BE DEDUCTED FROM THE RETIREMENT ALLOWANCE.
(B) IF A MEMBER RETIRED FROM THE TEACHERS' RETIREMENT
SYSTEM OF THE STATE OF MARYLAND IS REEMPLOYED IN A PERMANENT
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