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1777
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HARRY HUGHES, Governor
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POSITION WITH THE STATE, LOCAL SCHOOL SYSTEM, LIBRARY, COMMUNITY
COLLEGE OR A PARTICIPATING MUNICIPAL CORPORATION, THE MEMBERS'
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 EMPLOYEE'S 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.
117.
(14) (A) A retired member 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 [ with the State, a
participating municipal corporation, a community college, or a
public school system in the State, ] without reduction in his
retirement allowance, if:
[(a)] (I) He immediately notifies the board of his
intention to accept this employment;
[(b)] (II) He specifies the compensation he will
receive;
[(c)] (III) The temporary employment OR CONTRACT is
not in a regularly allocated position;
[(d)] (IV) The retirement allowance receivable by him
computed without optional modification, plus the amount of the
annual compensation for the position does not exceed the average
final compensation on which the retirement allowance was based.
The annual earnings of the retired member 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.
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