Ch, 528

1994 LAWS OF MARYLAND

the applicability and effective dates of this Act.

BY repealing and reenacting, with amendments,
Article 73B - Pensions

Section 4-303(c), 5-303(c), 8-303(c), and 10-214(c)
Annotated Code of Maryland
(1988 Replacement Volume and 1993 Supplement)

BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 20-205(e)
Annotated Code of Maryland
(1993 Volume)
(As enacted by Chapter ____ (S.B. 1) of the Acts of the General Assembly of 1994)

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

Article 73B - Pensions

4-303.                                               

(c) [If the earnable compensation earned in a year included in the period used to
determine average final compensation exceeds that of the average of the previous 2 years'
compensation by more than 20 percent, the amount in excess of 20 percent may not be
included in the computation of average final compensation.] EXCEPT FOR A SALARY
INCREASE BECAUSE OF A MEMBER'S PROMOTION, THE MEMBER'S AVERAGE FINAL
COMPENSATION DOES NOT INCLUDE A SALARY INCREASE IN THE LAST 3 YEARS OF
EMPLOYMENT IF IT IS AN EXTRAORDINARY SALARY INCREASE ACCORDING TO
REGULATIONS THAT THE BOARD OF TRUSTEES ADOPTS.

5-303.

(c) [If the earnable compensation earned in a year included in the period used to
determine average final compensation exceeds that of the average of the previous 2 years'
compensation by more than 20 percent, the amount in excess of 20 percent may not be
included in the computation of average final compensation.] EXCEPT FOR A SALARY
INCREASE BECAUSE OF A MEMBER'S PROMOTION, THE MEMBER'S AVERAGE FINAL
COMPENSATION DOES NOT INCLUDE A SALARY INCREASE IN THE LAST 3 YEARS OF
EMPLOYMENT IF IT IS AN EXTRAORDINARY SALARY INCREASE ACCORDING TO
REGULATIONS THAT THE BOARD OF TRUSTEES ADOPTS.

8-303.

(c) [If the earnable compensation earned in a year included in the period used to
determine average final compensation exceeds that of the average of the previous 2 years'
compensation by more than 20 percent, the amount in excess of 20 percent may not be
included in the computation of average final compensation.] EXCEPT FOR A SALARY
INCREASE BECAUSE OF A MEMBER'S PROMOTION, THE MEMBER'S AVERAGE FINAL

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