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Session Laws, 2005
Volume 752, Page 1838   View pdf image
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Ch. 395                                    2005 LAWS OF MARYLAND
making certain clarifying changes; and generally relating to the reemployment
of retirees who are reemployed as health care practitioners. BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 22-406 and 23-407
Annotated Code of Maryland
(2004 Replacement Volume) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows: Article - State Personnel and Pensions 22-406. (a)     An individual who is receiving a service retirement allowance or vested
allowance may accept employment with a participating employer on a permanent,
temporary, or contractual basis, if: (1)     the individual immediately notifies the Board of Trustees of the
individual's intention to accept this employment; and (2)     the individual specifies the compensation to be received. (b)     (1) The Board of Trustees shall reduce the allowance of an individual
who accepts employment as provided under subsection (a) of this section if: (i) the individual's current employer is a participating employer
other than the State and is the same participating employer that employed the
individual at the time of the individual's last separation from employment with a
participating employer before the individual commenced receiving a service
retirement allowance or vested allowance; (ii) the individual's current employer is any unit of State
government and the individual's employer at the time of the individual's last
separation from employment with the State before the individual commenced
receiving a service retirement allowance or vested allowance was also a unit of State
government; or (iii) the individual becomes reemployed within 12 months of
receiving an early service retirement allowance under § 22-402 of this subtitle. (2) The reduction required under paragraph (1) of this subsection shall
equal: (i) the amount by which the sum of the individual's initial annual
basic allowance and the individual's annual compensation exceeds the average final
compensation used to compute the basic allowance; or (ii) for a retiree who retired under the Workforce Reduction Act
(Chapter 353 of the Acts of 1996), the amount by which the sum of the retiree's annual - 1838 -


 
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Session Laws, 2005
Volume 752, Page 1838   View pdf image
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