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Session Laws, 1994
Volume 773, Page 423   View pdf image
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WILLIAM DONALD SCHAEFER, Governor

Ch. 6

TO FACILITATE THE MAKING OF MEMBER CONTRIBUTIONS, THE BOARD OF
TRUSTEES MAY MODIFY THE MEMBER CONTRIBUTION REQUIRED OF ANY MEMBER
BY AN AMOUNT NOT EXCEEDING 0.1% OF THE ANNUAL EARNABLE COMPENSATION
ON THE BASIS OF WHICH THE MEMBER CONTRIBUTION IS TO BE MADE.

(D) CONTRIBUTIONS REQUIRED.

(1)      THE MEMBER CONTRIBUTIONS PROVIDED FOR UNDER THIS
DIVISION II SHALL BE MADE NOTWITHSTANDING ANY RESULTING REDUCTION IN
THE ACTUAL COMPENSATION RECEIVED BELOW THE MINIMUM COMPENSATION
PROVIDED FOR BY LAW FOR A MEMBER.

(2)      EACH MEMBER IS DEEMED TO AGREE TO MAKE THE MEMBER
CONTRIBUTIONS REQUIRED BY THIS DIVISION II AND TO HAVE RECEIVED FULL
COMPENSATION.

(3)      EXCEPT FOR THE BENEFITS PROVIDED UNDER THIS DIVISION II,
PAYMENT OF COMPENSATION LESS ANY MEMBER CONTRIBUTION IS A COMPLETE
DISCHARGE OF ALL CLAIMS FOR SERVICES RENDERED BY AN EMPLOYEE DURING
THE TIME COVERED BY THE PAYMENT.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 73B, § 1-302(b) and (c).

In subsection (a) of this section, the defined term "earnable compensation" is
substituted for the former phrase "amount earnable by a member".

In subsection (c) of this section, the defined term "earnable compensation" is
substituted for the former phrase "annual compensation upon the basis of
which the employee contribution is made".

Defined terms: "Board of Trustees" § 20-101
"Earnable compensation" § 20-101
"Member" § 20-101
"Member contribution" § 20-101

21-313. SAME — EMPLOYER PICKUP OF MEMBER CONTRIBUTIONS.

(A)     "APPROVED EMPLOYER" DEFINED.

IN THIS SECTION, "APPROVED EMPLOYER" MEANS A PARTICIPATING
EMPLOYER WHO HAS RECEIVED A FAVORABLE RULING FROM THE INTERNAL
REVENUE SERVICE FOR AN EMPLOYER PICKUP PROGRAM IN ACCORDANCE WITH §
414(H)(2) OF THE INTERNAL REVENUE CODE.

(B)      IN GENERAL.

THE STATE OR OTHER APPROVED EMPLOYER OF A MEMBER SHALL PICK UP,
WITHIN THE MEANING OF § 414(H)(2) OF THE INTERNAL REVENUE CODE, THE
MEMBER CONTRIBUTIONS REQUIRED BY THIS DIVISION II.

(C)     IMPLEMENTATION AND TREATMENT OF PICKUP AMOUNTS.

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Session Laws, 1994
Volume 773, Page 423   View pdf image
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