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Session Laws, 1994
Volume 773, Page 4702   View pdf image
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GENERAL ASSEMBLY COMPENSATION COMMISSION

(b)     Exceptions.

(1)     Subject to paragraph (2) of this subsection, a member does not make any
further contributions after 22 years and 3 months of creditable service.

(2)     If the member elects to receive a retirement allowance under § 8(e)(2)
of this Item 3A, a member shall contribute an amount equal to 5% of the member's
annual salary until the member accrues the maximum retirement, allowance payable
under § 8(e)(2) of this Item 3A.

(c)     Payment of member contributions. The member contribution shall be
deducted proportionately from the member's salary each pay period and credited to the
member's individual account in the annuity savings fund of the Employees' Retirement
System for the Legislative Pension Plan.

6. Service Credit.

(a)     Creditable service. Creditable service at retirement on which the allowance of
a retiree is based shall consist of the sum of:

(1)     Membership service credit; and

(2)     Service credit purchased under this section.

(b)     Membership service credit.

(1)     A legislator shall earn membership service credit for each year of service
the legislator is a member of the Legislative Pension Plan or the statutory pension plan.

(2)     Years of service need not be consecutive.

(3)     On or after January 8, 1975, a member shall receive one year of
membership service credit if:

(i) The member is employed on a full-time basis by the State or a
political subdivision of the State in nonlegislative employment;

(ii) The member is compensated by the State or a political subdivision
of the State for the nonlegislative employment;

(iii) The member has taken a leave of absence from the nonlegislative
employment while serving as a legislator; and

(iv) The member is not receiving credit in another retirement system
supported wholly or in part by the State for the period of the member's absence from the
nonlegislative employment.

(c)     One-time purchase of service credit.

A member who is serving in the General Assembly shall have one opportunity to
purchase service credit for all previous legislative service, including legislative service
from previous terms of office, by paying to the Board of Trustees an amount equal to 5%
of the salary payable to the legislator during the years of service to be purchased plus
regular interest thereon.

- 4702 -

 

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Session Laws, 1994
Volume 773, Page 4702   View pdf image
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