Ch. 428                                     1993 LAWS OF MARYLAND                                     

(e) An election of [an] THE optional retirement program by an eligible employee
may not be effective unless the election is accompanied by an appropriate application,
where required, for the issuance of [a] AN ANNUITY contract or contracts under the
program.

(F) A PARTICIPANT MAY NOT ELECT TO MAKE CONTRIBUTIONS UNDER THE
OPTIONAL RETIREMENT PROGRAM TO MORE THAN ONE PLAN OR COMPANY TWO
PLANS OR COMPANIES FOR THE SAME PAYROLL PERIOD.

(F) (1) FOR EMPLOYEE CONTRIBUTIONS, A PARTICIPANT MAY ELECT TO MAKE
CONTRIBUTIONS TO NO MORE THAN ONE COMPANY UNDER THE OPTIONAL RETIREMENT
PROGRAM FOR THE SAME PAYROLL PERIOD.

(2) FOR EMPLOYER CONTRIBUTIONS, A PARTICIPANT MAY ELECT TO MAKE
CONTRIBUTIONS TO NO MORE THAN TWO COMPANIES UNDER THE OPTIONAL
RETIREMENT PROGRAM FOR THE SAME PAYROLL PERIOD FOR EMPLOYER
CONTRIBUTIONS, IF THE BOARD DETERMINES THAT THE ELECTION OF MORE THAN ONE
COMPANY IS ADMINISTRATIVELY FEASIBLE.

[11-105.] 11-1.06.

(A)     [The] EXCEPT AS PROVIDED IN § 11-108(C) OF THIS SUBTITLE, THE State
shall contribute on behalf of each participant in the optional retirement program 7.25
percent of each participant's annual earnable compensation.

(B)     Contributions authorized or required by the provisions of this section on
behalf of each participant may be made by payroll deduction or by a reduction in salary in
accordance with the provisions of § 403(b) or § 414(h) of the United States Internal
Revenue Code.

(C)     Payment of contributions shall be made by the [appropriate governing board]
CENTRAL PAYROLL BUREAU to the [designated] APPROPRIATE PLAN OR company
for the benefit of each participant.

(D)     In the event of a qualified employee participating in an optional retirement
program whose compensation is paid from special and/or federal funds, the State's
contribution to such optional retirement program shall be paid from the special and/or
federal funds.

[11-106.] 11-107.

(a) Any eligible employee who is a member of the Employees' Retirement System,
the Pension System for Employees of the State of Maryland, the Teachers' Retirement
System or the Pension System for Teachers of the State of Maryland at the time the
employee elects to participate in [an] THE optional retirement program established
[pursuant to this title] UNDER THIS SUBTITLE shall be deemed to be a person who
discontinues service in the respective system on the effective date of the election for the
purpose of determining eligibility for immediate vested rights and benefits in the
respective system. These benefits shall be computed only on the basis of years of service
otherwise creditable as a contributing member of the respective system. Any such person
may withdraw the person's accumulated contributions in the annuity savings fund, with
interest, at or after the time the person elects to join [an] THE optional retirement

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