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Session Laws, 1984
Volume 759, Page 28   View pdf image
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28                                                 LAWS OF MARYLAND                                     Ch. 7

(7) EXCEPT AS PROVIDED IN THIS SECTION, RETIREMENT UNDER
THIS SECTION IS SUBJECT TO THE OTHER APPLICABLE PROVISIONS OF
THIS ARTICLE.

83.

The membership of this retirement system shall be composed
as follows:

(9) (A) EXCEPT AS PROVIDED IN PARAGRAPH (B) OF THIS
SUBSECTION, [Any] ANY person who is a member of the retirement
system, established by this subtitle, on December 31, 1979 and
does not at any time elect to be a member of the Pension System
for Teachers of the State of Maryland, shall, as a condition of
that person's employment contract, be entitled to remain a member
of the retirement system without change in the benefits provided
in the retirement system as of December 31, 1979. Any person
receiving benefits under the provisions of this subtitle on
December 31, 1979 shall continue to receive the benefits as
provided in the retirement system as of December 31, 1979. These
benefits shall include but not be limited to:

[(a)] (I) The eligibility for service
retirement upon completion of thirty years service or attainment
of age 60;

[(b)] (II) The eligibility for a reduced
service retirement upon completion of a certain length of
service;

[(c)] (III) The service retirement allowance of
one fifty-fifth of average final compensation;

[(d)](IV) The retirement allowances provided
for ordinary or accidental disability;

[(e)] (V) The selection of options for service
or disability allowances;

[(f)] (VI) The adjustment of the retirement
allowance for increases in the Consumer Price Index;

[(g)] (VII) The death benefit;

[(h)] (VIII) The level of contributions from
members; and

[(i)] (IX) The length of service for members to
vest benefits in the system.

(B) A MEMBER WHO IS SUBJECT TO EITHER OF §§
86B, 86C, OR 86D OF THIS ARTICLE WHO RECEIVES CREDITABLE SERVICE
FROM JULY 1, 1984 IS SUBJECT ONLY TO THE PROVISIONS OF THE
APPLICABLE SECTION FOR THE PROPORTION OF EARNABLE COMPENSATION

 

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Session Laws, 1984
Volume 759, Page 28   View pdf image
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