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ROBERT L. EHRLICH, JR., Governor Ch. 493
(i) would have been entitled to purchase service credit under the
Employees' Pension System; and
(ii) is not otherwise entitled to service credit under the Local Fire
and Police 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 per year with the appropriate final adjustments being made in the year
the member retires.]
SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article - State Personnel and Pensions
22-404.
(b) The Board of Trustees shall pay a member of the Employees' Retirement
System who qualifies under subsection (c) of this section a pension equal to an
ordinary disability pension, regardless of age, if the member:
(1) has at least 16 years of creditable service; and
(2) elects to have the member's accumulated contributions paid as an
annuity of equivalent actuarial value instead of withdrawing the accumulated
contributions.
(c) A member qualifies for a pension under subsection (b) of this section if the
member:
(1) (i) is an elected or appointed official of the State at the time of
application for retirement; and
(ii) was initially an elected or appointed official of the State before
July 22, 1981;
(2) (i) is an elected or appointed official of the State when separating
from employment;
(ii) was initially an elected or appointed official of the State during
the period from July 22, 1981, through June 30, 1982, both inclusive; and
(iii) separated from employment involuntarily as certified by the
Secretary of Budget and Management; [or]
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