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Ch. 493 2005 LAWS OF MARYLAND
(2) The member shall pay for service credit purchased under this
section [:
(i)] in a single payment at retirement [; or
(ii) through a payroll deduction of not less than 2% of earnable
compensation, with the appropriate final adjustment made at retirement],
25-306.
(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 the 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) The member shall pay for service credit purchased under this
section [:
(i)] in a single payment at retirement[; or
(ii) through a payroll deduction of not less than 2% of earnable
compensation, with the appropriate final adjustment made at retirement],
26-307.
(a) (1) In the year of retirement, a member may purchase service credit for
eligibility service of up to 10 years for periods of employment for which the member:
(i) would have been entitled to purchase the service credit under
the Employees' Pension System; and
(ii) is not otherwise entitled to service credit under the Law
Enforcement Officers' Pension System.
(2) To purchase service credit under this section, a member must:
(i) complete a claim for the service credit and file it with the Board
of Trustees on the 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.
[(3) A member may pay the amount required by paragraph (2) of this
subsection on an installment basis by contributing at least 2% of earnable
compensation with the appropriate final adjustments being made in the year the
member retires.]
28-307.
(a) (1) In the year of retirement, a member may purchase service credit for
eligibility service of up to 10 years for periods of employment for which the member:
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