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RESOLUTION
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member in the Legislative Pension Plan by submitting written notice to the Board of Trustees
promptly after taking office,
(c) Effective date of membership.
(1) In this subsection, "initial enrollment period" means the period within 6
months after the date the legislator takes office.
(2) A legislator shall earn membership service credit as of the date the legislator
takes office if at any time on or before the expiration of the initial enrollment period, the
legislator:
(i) Submits a completed application for membership to the Board of
Trustees; and
(ii) Pays to the Board of Trustees the member contributions which would
have been paid by the legislator had the legislator been a member of the Legislative Pension Plan
as of the date the legislator takes office.
(3) If a legislator submits a completed application for membership to the Board of
Trustees after the expiration of the initial enrollment period, the legislator shall earn membership
service credit as of the date the legislator submits the completed application for membership to
the Board of Trustees.
5. Member contributions,
(a) In general. Except as provided in subsection (b) of this section, each member of the
Legislative Pension Plan shall contribute an amount equal to 5% of the member's annual salary.
(b) Exceptions.
(1) Subject to paragraphs (2) and (3) of this subsection, a member may not make
any further contributions after 23 years and 4 months of creditable service.
(2) If the member elects to receive a retirement allowance under § 8(e)(2) of this
Item 3A, a member shall contribute an amount equal to 5% of the member's annual salary until
the member accrues the maximum retirement allowance payable under § 8(e)(4) of this Item 3A.
(3) (i) This paragraph applies to a member who:
1. on or before January 9, 2007 has earned more than 22 years and 3
months of creditable service in the Legislative Pension Plan;
2. on or before January 9, 2007 is not making any further member
contributions to the Legislative Pension Plan; and
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4960
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