HARRY HUGHES, Governor

1305

Annotated Code of Maryland

(1983 Replacement Volume and 1985 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 73B - Pensions

32.

(b) (1) If a member transfers ON OR AFTER JANUARY 1, 1980
from a retirement or pension system where accumulated
contributions are deducted on all earnable compensation to a
retirement or pension system where accumulated contributions are
not deducted on all earnable compensation, the member shall
receive service credit for and in the amount of benefits in the
system to which the member transfers. Any claim for the service
credit shall be made within 1 year of the date of entrance into
the system to which the member transfers. Notwithstanding any
other provision of this article or the laws of any political
subdivision of this State, upon verification of the service
credit, the system from which the transfer is made may not
provide any benefit for the service credit transferred. The
member's accumulated contributions shall be refunded upon
request.

(2) When an employee who is a member of a retirement
or pension system operated on an actuarial basis under the laws
of this State or the laws of any political subdivision of this
State transfers to another such retirement or pension system, all
the employer's contributions with interest on behalf of the
employee member shall be transferred. The amount to be
transferred shall be determined by actuarial valuation, the cost
of which shall be borne equally by both systems.

SECTION 2. AND BE IT FURTHER ENACTED, That any member who
transfers a contributory retirement or pension system to a
noncontributory retirement or pension system from January 1, 1980
to June 30, 1981, both inclusive, may make a claim for the
service credit provided in Section 1 of this Act within 1 year of
the effective date of this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 13, 1986.