Ch. 6

1994 LAWS OF MARYLAND

In subsections (e)(4)(i) and (f)(4)(i) of this section, the word "present" is
added to modify "value" for clarity and accuracy.

In subsection (e)(4)(i) of this section, the words "on behalf of.or by members
who are employees of the participating governmental unit" are added for
clarity. Similarly, in subsection (f)(4)(i) of this section, the words "on behalf of
or by those employees of the participating governmental unit who do not elect
to withdraw" are added.

In subsection (f) of this section, the reference to employees who do not "elect
to withdraw" is substituted for the former reference to employees who do not
"consent to the withdrawal" for consistency.

Defined terms: "Board of Trustees" § 20-101
"Designated beneficiary" § 20-101
"Earnable compensation" § 20-101
"Employees' Pension System" § 20-101
"Employees' Retirement System" § 20-101
"Former member" § 20-101
"Member" § 20-101
"Member contribution" § 20-101
"Participating governmental unit" § 20-101
"Pension" § 20-101
"Retiree" § 20-101
"State system" § 20-101
"Vested allowance" § 20-101                         

21-306. SAME — LOCAL FIRE AND POLICE SYSTEM.

(A) IN GENERAL.

(1)      EACH FISCAL YEAR, ON BEHALF OF ITS EMPLOYEES WHO ARE
MEMBERS OF THE LOCAL FIRE AND . POLICE SYSTEM, A PARTICIPATING
GOVERNMENTAL UNIT SHALL PAY AN AMOUNT EQUAL TO OR GREATER THAN THE
PRODUCT OF MULTIPLYING:

(I)       THE AGGREGATE ANNUAL EARNABLE COMPENSATION OF
THOSE MEMBERS; AND

(II)     THE SUM OF THE NORMAL CONTRIBUTION RATE AND THE
ACCRUED LIABILITY CONTRIBUTION RATE, AS DETERMINED UNDER THIS SECTION.

(2)      EACH FISCAL YEAR, IN ADDITION TO THE AMOUNTS REQUIRED TO
BE PAID UNDER PARAGRAPH (1) OF THIS SUBSECTION, A PARTICIPATING
GOVERNMENTAL UNIT SHALL PAY:

(I)       THE SPECIAL ACCRUED LIABILITY CONTRIBUTION REQUIRED
BY SUBSECTION (D) OF THIS SECTION; AND

(II)     ANY WITHDRAWAL LIABILITY CONTRIBUTION REQUIRED BY
SUBSECTION (E) OF THIS SECTION.

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