clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search		 search for:
clear space
white space
Session Laws, 2006
Volume 750, Page 1504   View pdf image
 Jump to  
   << PREVIOUS  NEXT >>
clear space clear space clear space white space
2006 LAWS OF MARYLAND
Ch. 258
31-2B-03. IF AT LEAST 60% OF THE LOCAL DETENTION CENTER OFFICERS OF AN ELIGIBLE
GOVERNMENTAL UNIT WHO ARE MEMBERS OF A LOCAL PENSION SYSTEM PETITION
TO BECOME MEMBERS OF THE CORRECTIONAL OFFICERS' RETIREMENT SYSTEM,
THE LEGISLATIVE BODY OF THE ELIGIBLE GOVERNMENTAL UNIT MAY APPROVE THE
PARTICIPATION OF THESE LOCAL DETENTION CENTER OFFICERS IN THE
CORRECTIONAL OFFICERS' RETIREMENT SYSTEM AS THOUGH THE LOCAL PENSION
SYSTEM WERE NOT IN OPERATION. 31-2B-04. IF A LOCAL DETENTION CENTER OFFICER JOINS THE CORRECTIONAL
OFFICERS' RETIREMENT SYSTEM WITHIN 6 MONTHS AFTER THE EFFECTIVE DATE,
THE MEMBER IS ENTITLED TO CREDIT FOR EMPLOYMENT WITH THE PARTICIPATING
GOVERNMENTAL UNIT BEFORE THE EFFECTIVE DATE. 31-2B-05. (A)     IF AN ELIGIBLE GOVERNMENTAL UNIT APPROVES PARTICIPATION IN THE
CORRECTIONAL OFFICERS' RETIREMENT SYSTEM, THE OPERATION OF THE LOCAL
PENSION SYSTEM WITH RESPECT TO THE LOCAL DETENTION CENTER OFFICERS
TERMINATES ON THE EFFECTIVE DATE. (B)      (1)      ON THE EFFECTIVE DATE: (I)   THE ASSETS TO THE CREDIT OF THE LOCAL PENSION SYSTEM
THAT RELATE TO THE LOCAL DETENTION CENTER OFFICERS WHO ELECT TO
BECOME MEMBERS SHALL BE TRANSFERRED TO THE CORRECTIONAL OFFICERS
RETIREMENT SYSTEM; AND (II) THE TRUSTEE OR OTHER ADMINISTRATIVE HEAD OF THE
LOCAL PENSION SYSTEM SHALL CERTIFY THE PROPORTION OF THE FUNDS OF THE
LOCAL PENSION SYSTEM THAT REPRESENTS THE ACCUMULATED CONTRIBUTIONS
OF THE MEMBERS AS OF THAT DATE. (2)   THE ACCUMULATED CONTRIBUTIONS SHALL BE CREDITED TO THE
RESPECTIVE ANNUITY SAVINGS ACCOUNTS OF THE MEMBERS IN THE
CORRECTIONAL OFFICERS' RETIREMENT SYSTEM. (3)   THE BALANCE OF THE FUNDS TRANSFERRED TO THE
CORRECTIONAL OFFICERS' RETIREMENT SYSTEM SHALL BE OFFSET AGAINST THE
SPECIAL ACCRUED LIABILITY TO BE FUNDED BY THE PARTICIPATING
GOVERNMENTAL UNIT AS PROVIDED BY § 21-306.1(D) OF THIS ARTICLE. 31-301. (a)     In this subtitle the following words have the meanings indicated. (b)     "Employees' system" has the meaning stated in § 31-101 of this title. (c)      "Legislative body" has the meaning stated in § 31-101 of this title. (d)     "Local pension system" has the meaning stated in § 31-101 of this title. - 1504 -


  		clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 2006
Volume 750, Page 1504   View pdf image
 Jump to  
   << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.

Tell Us What You Think About the Maryland State Archives Website!

An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  October 11, 2023
Maryland State Archives