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ROBERT L. EHRLICH, JR., Governor Ch. 110
(i) the number of individuals rehired under paragraph (4)(iv) or (v)
or (8) of this subsection;
(ii) 1. the school and school system where each individual was
rehired; and
2. whether the school:
A. was not making adequate yearly progress or was a school
in need of improvement as defined under the federal No Child Left Behind Act of 2001
and as implemented by the State Department of Education;
B. was receiving funds under Title 1 of the federal No Child
Left Behind Act of 2001; or
C. provided an alternative education program for adjudicated
youths or students who have been expelled, suspended, or identified for suspension or
expulsion from a public school;
(iii) the original date of rehire for each individual;
(iv) the subject matter taught by each individual; and
(v) the annual salary of each individual.
31-116.1.
(A) ON OR BEFORE DECEMBER 31, 2006. A PARTICIPATING GOVERNMENTAL
UNIT MAY ELECT TO PROVIDE ITS EMPLOYEES WITH THE MODIFIED CONTRIBUTORS
PENSION BENEFIT UNDER TITLE 23, SUBTITLE 2, PART III OF THIS ARTICLE AS
ENACTED BY CHAPTER______(H.B. 1737), § 3 OF THE ACTS OF THE GENERAL ASSEMBLY
OF 2006 BY SUBMITTING ITS ELECTION ON A FORM PROVIDED BY THE STATE
RETIREMENT AGENCY.
(B) AN ELECTION BY A PARTICIPATING GOVERNMENTAL UNIT UNDER THIS
SECTION IS IRREVOCABLE.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article - State Personnel and Pensions
21-125.1.
(A) BEGINNING ON OR BEFORE SEPTEMBER 1, 2008, AND EVERY 5 YEARS
THEREAFTER THE JOINT COMMITTEE ON PENSIONS SHALL COMMISSION AN
ACTUARIAL CONSULTING FIRM TO CONDUCT A STUDY OF THE SEVERAL SYSTEMS IN
ADDITION TO THE ACTUARIAL INVESTIGATION AND VALUATION PERFORMED BY THE
ACTUARY UNDER § 21-125 OF THIS SUBTITLE AND A COMPARISON OF THE SEVERAL
SYSTEMS WITH OTHER SIMILARLY SITUATED PUBLIC PENSION PLANS.
(B) THE ACTUARIAL CONSULTING FIRM SHALL CONSIDER THE FOLLOWING
ISSUES WITH REGARD TO THE SEVERAL SYSTEMS AND OTHER SIMILARLY SITUATED
PUBLIC PENSION PLANS:
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