WILLIAM DONALD SCHAEFER, Governor

Ch. 6

(1)      RECEIVE AN ALLOWANCE FOR ALL CREDITABLE SERVICE AS
FOLLOWS:

(I)       FOR NORMAL SERVICE RETIREMENT AS PROVIDED BY § 22-401
OF THIS TITLE;

(II)     FOR EARLY SERVICE RETIREMENT AS PROVIDED BY § 22-402
OF THIS TITLE;

(III)    FOR ORDINARY DISABILITY RETIREMENT AS PROVIDED BY §
29-106 OF THIS ARTICLE; AND

(IV)    FOR ACCIDENTAL DISABILITY RETIREMENT AS PROVIDED BY §
29-110 OF THIS ARTICLE;

(2)      HAVE THE ALLOWANCE ADJUSTED AS PROVIDED BY TITLE 29,
SUBTITLE 4, PART III OF THIS ARTICLE; AND

(3)      MAKE THE MEMBER CONTRIBUTIONS AT THE RATE SPECIFIED BY §
22-214(A) OF THIS SUBTITLE.

(C) ADDITIONAL OPTIONS.

(1)      AFTER A MEMBER ELECTS SELECTION A (ADDITIONAL MEMBER
CONTRIBUTIONS), THE MEMBER MAY:

(I)       ELECT SELECTION B (LIMITED COST-OF-LIVING ADJUSTMENT);

(II)     ELECT SELECTION C (COMBINATION FORMULA); OR

(III)    TRANSFER TO THE EMPLOYEES' PENSION SYSTEM OR THE
TEACHERS' PENSION SYSTEM, AS PROVIDED IN § 22-212 OF THIS SUBTITLE.

(2)      AFTER THE ELECTION OF SELECTION B (LIMITED COST-OF-LIVING
ADJUSTMENT) UNDER PARAGRAPH (1)(I) OF THIS SUBSECTION, THE INCREASE IN
THE RATE OF MEMBER CONTRIBUTIONS PAYABLE UNDER § 22-214(A) OF THIS
SUBTITLE MAY NOT BE REFUNDED AS A RESULT OF THE ELECTION.

(3)      AFTER THE ELECTION OF SELECTION C (COMBINATION FORMULA)
UNDER PARAGRAPH (1)(II) OF THIS SUBSECTION:

(I)       THE ADJUSTMENT OF THE MEMBER'S ALLOWANCE SHALL BE
AS PROVIDED BY TITLE 29, SUBTITLE 4, PART V OF THIS ARTICLE; AND

(II)     THE RATE OF MEMBER CONTRIBUTIONS SHALL BE AS
PROVIDED BY § 23-212 OF THIS ARTICLE.

REVISOR'S NOTE: Subsection (a) of this section is new language added to clarify
that only those members who, on the effective date of this Act, are subject to
Selection A (Additional member contributions) may remain subject to that
selection.

- 463 -