HARRY HUGHES, Governor

33

OPTIONAL RETIREMENT SYSTEM ESTABLISHED UNDER § 110 OF THIS
ARTICLE.

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

86D.

(1)  NOTWITHSTANDING THE PROVISIONS OF THIS SUBTITLE, A
MEMBER WHO IS IN SERVICE ON JULY 1, 1984 MAY ELECT TO RECEIVE A
RETIREMENT ALLOWANCE AS PROVIDED IN THIS SECTION.

(2) (A) A MEMBER IN SERVICE ON JULY 1, 1984 WHO WISHES TO
SELECT THE RETIREMENT ALLOWANCE AS PROVIDED IN THIS SECTION SHALL
NOTIFY THE TEACHERS' RETIREMENT SYSTEM NOT LATER THAN OCTOBER 1,
1984 JANUARY 1, 1985 OF THIS ACTION ON FORMS PROVIDED BY THE
SYSTEM. A MEMBER NOT IN SERVICE ON JULY 1, 1984 BUT WHO IS
ELIGIBLE TO RETURN TO SERVICE IN THE SYSTEM SHALL HAVE 90 DAYS
FROM THE DATE OF RETURN TO SERVICE TO SELECT THE OPTION PROVIDED
IN THIS SECTION.

(B) THE EXECUTIVE DIRECTOR OF THE STATE RETIREMENT
AGENCY MAY ACCEPT AN ELECTION UNDER THIS SUBSECTION FILED BY A
MEMBER AFTER OCTOBER 1, 1984 JANUARY 1, 1985 OR AFTER THE
EXPIRATION OF 90 DAYS FROM RETURN TO SERVICE UPON RECEIPT OF
SATISFACTORY PROOF OF GOOD CAUSE FOR DELAY. FAILURE TO RECEIVE
NOTICE OR INABILITY TO RESPOND TO NOTICE SHALL CONSTITUTE GOOD
CAUSE.

(3)  A MEMBER WHO SELECTS THE RETIREMENT ALLOWANCE AS
PROVIDED IN THIS SECTION SHALL RECEIVE A RETIREMENT ALLOWANCE FOR
ALL CREDITABLE SERVICE AS FOLLOWS:

(A)  FOR SERVICE RETIREMENT AS PROVIDED BY § 86(2)(A)
OF THIS ARTICLE;

(B)  FOR EARLY RETIREMENT FOR SERVICE AS PROVIDED BY §
86(2)(B) OF THIS ARTICLE;

(C)  FOR RETIREMENT FOR ORDINARY DISABILITY AS
PROVIDED BY § 86(4) OF THIS ARTICLE; AND

(D)  FOR RETIREMENT FOR ACCIDENTAL DISABILITY AS
PROVIDED BY § 86(4B) OF THIS ARTICLE.

(4)  A MEMBER WHO SELECTS THE RETIREMENT ALLOWANCE AS
PROVIDED IN THIS SECTION SHALL HAVE THE RETIREMENT ALLOWANCE
ADJUSTED AS PROVIDED IN § 86A OF THIS ARTICLE.

(5)  FOR CREDITABLE SERVICE FROM JULY 1, 1984, THE
PROPORTION OF EARNABLE COMPENSATION PAYABLE AS PROVIDED BY §
89(1)(A) OF THIS ARTICLE SHALL BE INCREASED BY AN ADDITIONAL 2
PERCENT OF EARNABLE COMPENSATION.