Ch. 6

1994 LAWS OF MARYLAND

(II)     COMPUTE THE AMOUNT DUE FROM THE PARTICIPATING
GOVERNMENTAL UNIT BECAUSE OF THE CLAIM; AND

(III)    SUBMIT A STATEMENT TO THE PARTICIPATING
GOVERNMENTAL UNIT FOR THAT AMOUNT.

(2) THE COMPUTATION MADE UNDER PARAGRAPH (1)(II) OF THIS
SUBSECTION SHALL BE BASED ON THE COMPENSATION ACTUALLY RECEIVED BY
THE OFFICIAL FROM THE PARTICIPATING GOVERNMENTAL UNIT DURING THE
PERIOD FOR WHICH SERVICE CREDIT IS TO BE GRANTED.

(3). A PARTICIPATING GOVERNMENTAL UNIT THAT RECEIVES A
STATEMENT FROM THE BOARD OF TRUSTEES SHALL PAY THE AMOUNT
IMMEDIATELY TO THE BOARD OF TRUSTEES OR PLACE IT IN THE NEXT BUDGET
FOR PROMPT PAYMENT WHEN THAT BUDGET BECOMES EFFECTIVE.

(D) SAME — SERVICE WITH THE STATE.

ON RECEIVING A CLAIM FOR SERVICE CREDIT FOR SERVICE AS AN OFFICIAL
WITH THE STATE, THE BOARD OF TRUSTEES SHALL:

(1)      COMPUTE THE AMOUNT DUE FROM THE STATE; AND

(2)      INCLUDE IN THE STATE BUDGET FOR THE NEXT FISCAL YEAR AN
APPROPRIATION FOR THE AMOUNT DUE FROM THE STATE:

(E) PAYMENT OF MEMBER COST.

(1) AN OFFICIAL WHO RECEIVES SERVICE CREDIT UNDER THIS
SECTION:

(I) SHALL PAY TO THE BOARD OF TRUSTEES IN A SINGLE
PAYMENT, WITHIN THE PERIOD DETERMINED BY THE BOARD OF TRUSTEES, THE
MEMBER CONTRIBUTIONS, PLUS REGULAR INTEREST/THAT THE OFFICIAL WOULD
HAVE PAID HAD THE OFFICIAL BEEN A MEMBER OF THE EMPLOYEES' RETIREMENT
SYSTEM; OR

(II) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, MAY WAIVE
THE PAYMENT OF ANY PART OF THE MEMBER CONTRIBUTIONS PLUS REGULAR
INTEREST.                                                                                                              

(2) IF AN OFFICIAL WHO RECEIVES CREDIT UNDER THIS SECTION
WAIVES PAYMENT OF ANY CONTRIBUTIONS OR INTEREST, THE BOARD OF
TRUSTEES SHALL REDUCE THE OFFICIAL'S ALLOWANCE BY THE ACTUARIAL
EQUIVALENT OF THOSE CONTRIBUTIONS, PLUS INTEREST TO THE DATE OF
RETIREMENT, THAT THE OFFICIAL HAD NOT PAID.

REVISOR'S NOTE: Subsections (a) and (c) through (e) of this section are new
language derived without substantive change from former Art. 73B, § 2-306(a)
and (b).

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