Ch. 6                                            1994 LAWS OF MARYLAND

24-304. SAME — REDEPOSIT OF ACCUMULATED CONTRIBUTIONS.

(A)     IN GENERAL.

A MEMBER WHO PREVIOUSLY TERMINATED MEMBERSHIP AND WITHDREW
ACCUMULATED CONTRIBUTIONS FROM EITHER THE STATE POLICE RETIREMENT
SYSTEM, THE EMPLOYEES' RETIREMENT SYSTEM, OR THE TEACHERS' RETIREMENT
SYSTEM MAY RECEIVE SERVICE CREDIT FOR THE PERIOD OF EMPLOYMENT DURING .
THE PREVIOUS MEMBERSHIP IF THE MEMBER REDEPOSITS IN A SINGLE PAYMENT
THE WITHDRAWN ACCUMULATED CONTRIBUTIONS PLUS REGULAR INTEREST TO
THE DATE OF REDEPOSIT.

(B)     LIMITATION ON RETIREMENT.

IF A MEMBER RECEIVES SERVICE CREDIT UNDER THIS SECTION, THE MEMBER
MAY NOT RETIRE WITHIN 3 YEARS FROM THE DATE THE MEMBER ENTERS OR
REENTERS THE STATE POLICE RETIREMENT SYSTEM.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 73B, § 6-304.

In subsection (a) of this section, the phrase "period of employment during the
previous membership" is substituted for "previous service" to reflect that the
term "service" is no longer defined.

Also in subsection (a) of this section, the former reference to making a deposit
"in this system" is deleted as unnecessary. In the State Police Retirement
System, all deposits are made to the Board of Trustees.

Defined terms: "Accumulated contributions" § 20-101
"Employees' Retirement System" § 20-101
"Member" § 20-101
"Regular interest" § 20-101
"Teachers' Retirement System" § 20-101

24-305. SAME — PURCHASE OF SERVICE CREDIT AT MEMBER'S COST.

(A)     IN GENERAL.

A MEMBER MAY PURCHASE SERVICE CREDIT AS PROVIDED IN SUBSECTION (B)
OF THIS SECTION FOR PERIODS OF EMPLOYMENT FROM JULY 1, 1970, THROUGH
JUNE 30, 1972, BOTH INCLUSIVE, DURING WHICH THE MEMBER ELECTED TO DELAY
ENROLLMENT IN. THE STATE POLICE RETIREMENT SYSTEM AND FOR WHICH THE
MEMBER IS NOT OTHERWISE ENTITLED TO SERVICE CREDIT.

(B)      PAYMENT FOR SERVICE CREDIT.

(1) A MEMBER WHO PURCHASES SERVICE CREDIT UNDER THIS SECTION
SHALL:

(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                                                                             

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