Ch. 6                                            1994 LAWS OF MARYLAND

Defined terms: "Additional contribution" § 20-101
"Board of Trustees" § 20-101
"Earnable compensation" § 20-101
"Employees' Pension System" § 20-101
"Employees' Retirement System" § 20-101
"Employer pickup contribution" § 20-101
"Former member" § 20-101'
"Member contribution" § 20-101
"Regular interest" § 20-101
"Taxable wage base" § 20-101
"Teachers' Pension System" § 20-101
"Teachers' Retirement System" § 20-101
"Vested allowance" § 20-101

22-214. CONTRIBUTIONS BY MEMBERS.

(A)     MEMBERS SUBJECT TO SELECTION A (ADDITIONAL MEMBER
CONTRIBUTIONS).

(1)      THIS SUBSECTION APPLIES ONLY TO A MEMBER WHO IS SUBJECT TO
SELECTION A (ADDITIONAL MEMBER CONTRIBUTIONS).

(2)      FOR A MEMBER WHOSE MEMBERSHIP STARTED ON OR BEFORE
JUNE 30, 1973, THE CONTRIBUTION RATE AS A PERCENT OF A MEMBER'S EARNABLE
COMPENSATION IS THE LESSER OF:

. (I) 2% PLUS THE CONTRIBUTION RATE ADOPTED BY THE BOARD
OF TRUSTEES AND IN EFFECT WHEN MEMBERSHIP BEGAN; OR

(II) 7%.

(3)      FOR A MEMBER WHOSE MEMBERSHIP STARTED ON OR AFTER JULY
1, 1973, THE CONTRIBUTION RATE IS 7% OF A MEMBER'S EARNABLE COMPENSATION.

(4)      FOR A MEMBER WHO UNDER § 22-308(B)(2) OF THIS TITLE ELECTS TO
RECEIVE FULL-TIME SERVICE CREDIT FOR REGULAR PART-TIME EMPLOYMENT,
THE CONTRIBUTION RATE IS 7% OF THE COMPENSATION THE MEMBER WOULD
HAVE EARNED HAD THE MEMBER BEEN A FULL-TIME EMPLOYEE.

(B)      MEMBERS SUBJECT TO SELECTION B (LIMITED COST-OF-LIVING
ADJUSTMENT).

(1)      THIS SUBSECTION APPLIES TO A MEMBER WHO IS SUBJECT TO
SELECTION B (LIMITED COST-OF-LIVING ADJUSTMENT).

(2)      FOR A MEMBER WHOSE MEMBERSHIP STARTED ON OR BEFORE
JUNE 30, 1973, THE CONTRIBUTION RATE AS A PERCENT OF A MEMBER'S EARNABLE
COMPENSATION IS THE LESSER OF:

(I) THE CONTRIBUTION RATE ADOPTED BY THE BOARD OF
TRUSTEES AND IN EFFECT WHEN MEMBERSHIP BEGAN; OR

(II) 5%.

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