Ch. 780

LAWS OF MARYLAND

32.

(a)   [(1)] If a member transfers from a retirement or
pension system OPERATED ON AN ACTUARIAL BASIS where accumulated
contributions are deducted on all earnable compensation to a
retirement or pension system where accumulated contributions are
deducted on all earnable compensation, the member shall receive
service credit in the system into which the member transfers for
and in the amount of benefits accumulated in the system from
which the member transfers. The transfer of credit shall occur
upon the deposit, within 1 year of the member's transfer, of the
total accumulated contributions to the member's credit in the
annuity or other corresponding fund of the system from which the
member transferred to the fund of the system into which the
member transferred.

[(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.]

(b)   [(1)] If a member transfers on or after January 1, 1980
from a retirement or pension system OPERATED ON AN ACTUARIAL
BASIS 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.]

(c)  [(l)] If a member transfers from a retirement or
pension system OPERATED ON AN ACTUARIAL BASIS where accumulated
contributions are not deducted on all earnable compensation to a

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