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ROBERT L. EHRLICH, JR., Governor Ch. 110
(5) 5.5% OF THE MEMBER'S EARNABLE COMPENSATION RECEIVED ON
OR AFTER JULY 1, 2010.
(D) THE CONTRIBUTION RATE OF A MEMBER OF THE TEACHERS' PENSION
SYSTEM WHO IS SUBJECT TO THE MODIFIED CONTRIBUTORY PENSION BENEFIT
UNDER PART III OF THIS SUBTITLE IS 5.5% OF THE MEMBER'S EARNABLE
COMPENSATION.
23-217.
(a) Except as provided in subsection (b) of this section, this Part II of this
subtitle applies to an individual who is:
(1) a member of the Employees' Pension System or the Teachers' Pension
System; or
(2) a member of the Employees' Retirement System or the Teachers'
Retirement System subject to Selection C (Combination Formula) as provided in §
22-221 of this article.
(b) This Part II of this subtitle does not apply to an individual who is:
(1) an employee of:
(i) a participating governmental unit that has not elected the
contributory pension benefit for its employees under § 31-116 of this article; or
(ii) a former participating governmental unit, other than Frederick
County, that has withdrawn; [or]
(2) a member of the Employees' Pension System or Teachers' Pension
System who transferred from the Employees' Retirement System or Teachers'
Retirement System after April 1, 1998; OR
(3) A MEMBER OF THE EMPLOYEES' PENSION SYSTEM OR THE
TEACHERS' PENSION SYSTEM WHO IS SUBJECT TO THE MODIFIED ALTERNATE
CONTRIBUTORY PENSION BENEFIT SELECTION UNDER PART III OF THIS SUBTITLE.
23-219. RESERVED.
23-220. RESERVED.
PART III. MODIFIED ALTERNATE CONTRIBUTORY PENSION BENEFIT SELECTION.
23-221.
(A) IN THIS SECTION, "ACTIVE MEMBER" MEANS A MEMBER WHO IS NOT
SEPARATED FROM EMPLOYMENT WITH THE STATE OR A PARTICIPATING EMPLOYER
OF THE STATE.
(A) (B) EXCEPT AS PROVIDED IN SUBSECTION (B) (C) OF THIS SECTION, THIS
PART APPLIES TO AN INDIVIDUAL WHO IS A ON OR AFTER JUNE 30, 2006, IS:
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