Ch. 705                                    1994 LAWS OF MARYLAND

CHAPTER 705
(House Bill 275)

AN ACT concerning                                                                                                       

Retirement Systems - Effect of Deficiencies on Transfer Refunds

FOR the purpose of requiring the Board of Trustees to reduce certain transfer refunds
for certain reemployed members of the Employees' Retirement System or the
Teachers' Retirement System who transfer to a pension system; and providing for
the effective dates of this Act.                                                                             

BY repealing and reenacting, with amendments,

Article 73B - Pensions                                                                                           

Section 2-411(b) and 3-408(b)                                                        

Annotated Code of Maryland                      

(1988 Replacement Volume and 1993 Supplement)

BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 22-407
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

2-411.                          

(b) If a retiree from this retirement system is reemployed in a permanent position
with the State, local school system, library, community college, or a participating
municipal corporation:                                                                                           

(1)     The retiree's retirement shall be canceled;

(2)     The retirement allowance payments shall terminate after the last day of
the month preceding the date of return to active service and the individual shall become
a member of the' Employees' Retirement System of the State of Maryland or the
Teachers' Retirement System of the State of Maryland as applicable to the position;

(3)    All previous creditable service shall be restored to the account of the
member;

(4)     The member shall be credited with service performed from the date of
reemployment to the date of the member's later retirement; [and]

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