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Ch. 618 2006 LAWS OF MARYLAND
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Article - State Personnel and Pensions
21-312.
(a) To determine the earnable compensation of a member in a payroll period,
the Board of Trustees may deem that the rate of annual compensation payable to the
member on the first day of the payroll period continues throughout the payroll period.
(b) The Board of Trustees may omit member contributions for a period less
than a full payroll period for an individual who was not a member on the first day of
the payroll period.
(c) To facilitate the making of member contributions, the Board of Trustees
may modify the member contribution required of any member by an amount not
exceeding 0.1% of the annual earnable compensation on the basis of which the
member contribution is to be made.
(d) (1) The member contributions provided for under this Division II shall be
made notwithstanding any resulting reduction in the actual compensation received
below the minimum compensation provided for by law for a member.
(2) Each member is deemed to agree to make the member contributions
required by this Division II and to have received full compensation.
(3) Except for the benefits provided under this Division II, payment of
compensation less any member contribution is a complete discharge of all claims for
services rendered by an employee during the time covered by the payment.
(E) IF A MEMBER DOES NOT MAKE THE MEMBER CONTRIBUTIONS REQUIRED
BY THIS DIVISION II, ON RETIREMENT, THE MEMBER'S RETIREMENT ALLOWANCE
SHALL BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THE MISSED
ACCUMULATED CONTRIBUTIONS, INCLUDING REGULAR INTEREST ON THOSE
CONTRIBUTIONS AT THE STATUTORY RATE OF 5% PER YEAR EARNED ON MEMBER
CONTRIBUTIONS IN THE MEMBER'S SYSTEM, COMPOUNDED ANNUALLY.
22-304.
(c) (1) A member of the Employees' Retirement System may purchase
service credit for a period of employment:
(i) by the State or a participating governmental unit;
(ii) as a member of the State Police Retirement System for which
the member was not vested in that State system;
(iii) when the member was on an employer-approved leave of
absence not exceeding 2 years that has qualified for purchase under regulations
adopted by the Board of Trustees;
(iv) by the Department of Legislative Services, the Office of the
Attorney General, or as secretary to the Speaker of the House of Delegates or as
secretary to the President of the Senate during a session of the General Assembly;
- 2876 -
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