WILLIAM DONALD SCHAEFER, Governor

Ch. 6

23-306. SAME — APPROVED LEAVES OF ABSENCE.

A MEMBER IS ENTITLED TO ELIGIBILITY SERVICE DURING A LEAVE OF
ABSENCE IF THE LEAVE OF ABSENCE:

(1)      IS APPROVED BY THE BOARD OF TRUSTEES UNDER REGULATIONS
THAT APPLY TO ALL MEMBERS SIMILARLY SITUATED; AND

(2)      IS NOT OTHERWISE RECOGNIZED AS ELIGIBILITY SERVICE UNDER
THIS SUBTITLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 73B, §§ 4-301(d) and 5-301(d).

Defined terms: "Board of Trustees" § 20-101
"Eligibility service" § 20-101
"Member" § 20-101

23-307. SAME — PURCHASE OF SERVICE CREDIT BY MEMBERS OF EMPLOYEES'
PENSION SYSTEM.

(A) IN GENERAL.

(1)      IN THE YEAR OF RETIREMENT, A MEMBER OF THE EMPLOYEES'
PENSION SYSTEM MAY PURCHASE CREDIT FOR ELIGIBILITY SERVICE OF UP TO 10
YEARS FOR PERIODS OF EMPLOYMENT DESCRIBED IN PARAGRAPH (4) OF THIS
SUBSECTION FOR WHICH THE MEMBER IS NOT OTHERWISE ENTITLED TO SERVICE
CREDIT.

(2)      TO PURCHASE SERVICE CREDIT UNDER THIS SUBSECTION, A
MEMBER MUST:

(I)       COMPLETE A CLAIM FOR THE SERVICE CREDIT AND FILE IT
WITH THE BOARD OF TRUSTEES ON THE FORM THAT THE BOARD OF TRUSTEES
PROVIDES; AND

(II)     PAY TO THE BOARD OF TRUSTEES AN AMOUNT EQUAL TO THE
ANNUITY RESERVE AND PENSION RESERVE REQUIRED TO FUND THE ADDITIONAL
ALLOWANCE.

(3)      A MEMBER MAY PAY THE AMOUNT REQUIRED BY PARAGRAPH (2)
OF THIS SUBSECTION ON AN INSTALLMENT BASIS BY CONTRIBUTING AT LEAST 2%
OF EARNABLE COMPENSATION PER YEAR WITH THE APPROPRIATE FINAL
ADJUSTMENTS BEING MADE IN THE YEAR THE MEMBER RETIRES.

(4)      A MEMBER MAY ONLY PURCHASE SERVICE CREDIT UNDER THIS
SUBSECTION FOR EMPLOYMENT WITH:

(I)       THE STATE;

(II)     THE DIVISION OF EMPLOYMENT SERVICE WHILE THE DIVISION
WAS UNDER FEDERAL CONTROL;

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