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Ch. 560
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LAWS OF MARYLAND
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1778
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(B) IF A MEMBER RETIRED FROM THE PENSION SYSTEM FOR
EMPLOYEES 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 PENSION SYSTEM FOR EMPLOYEES OF THE STATE OF MARYLAND, OR
THE PENSION SYSTEM FOR TEACHERS 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.
145.
(13) (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 this
retirement allowance, if:
[(a)] (I) He immediately notifies the board of his
intention to accept this employment;
[(b)] (II) He specifies the compensation to be
received for it;
[(c)] (III) The temporary employment OR CONTRACT is
not in a regularly allocated position; and
[(d)] (IV) The retirement allowance receivable by him
computed without optional modification, plus the annual
compensation for the position, does not exceed in amount 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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