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2005 LAWS OF MARYLAND
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Ch. 493
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[(5)] (3) when membership was mandatory but for which member
contributions were not made;
[(6)] (4) 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; or
[(7)] (5) as a member of the Employees' Retirement System or the
Teachers' Retirement System for which the member had withdrawn the member's
accumulated contributions after a prior termination of membership.
22-305.
(b) (1) A member who purchases service credit under this section shall:
(i) complete a claim for the service credit and file it with the Board
of Trustees on a form that the Board of Trustees provides; and
(ii) pay to the Board of Trustees an amount equal to the annuity
reserve and pension reserve required to fund the additional allowance.
(2) Except as provided in paragraphs (3) and (4) of this subsection, the
member shall pay for service credit purchased under this section at retirement.
(3) [A member may reduce the final cost of service credit purchased
under this section through a payroll deduction of not less than 2% of annual salary
per year, with the appropriate final adjustment made at retirement for:
(i) the purchase of federal or out-of-state municipal service credit
for a member of the Employees' Retirement System; or
(ii) the purchase of service credit under subsection (d) of this
section for a member of the Teachers' Retirement System.
(4)] The surviving spouse of a member of the Teachers' Retirement
System may pay for the appropriate final adjustment under paragraph (3) of this
subsection if:
(i) the member dies while employed as a member;
(ii) the member was purchasing service credit through a payroll
deduction; and
(iii) the service credit qualifies for benefits under § 29-205 of this
article.
23-307.
(a) (1) Except as provided in subsection (b) of this section, in the year of
retirement, a member of the Employees' Pension System may purchase credit for
eligibility service of up to 10 years for periods of employment described in paragraph
(4) of this subsection for which the member is not otherwise entitled to service credit.
(2) To purchase service credit under this subsection, a member must:
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