Volume 773, Page 531 View pdf image |
WILLIAM DONALD SCHAEFER, Governor Ch. 6 "Earnable compensation" § 20-101 24-307. CREDITABLE SERVICE. CREDITABLE SERVICE ON WHICH THE ALLOWANCE OF A MEMBER IS BASED (1) ELIGIBILITY SERVICE; AND (2) CREDIT FOR UNUSED SICK LEAVE AS PROVIDED IN § 20-206 OF THIS REVISOR'S NOTE: This section is new language derived without substantive The term "eligibility service" is substituted for "[m]embership service" and the Defined terms: "Allowance" § 20-101 SUBTITLE 4. SERVICE RETIREMENT BENEFITS. 24-401. SERVICE RETIREMENT. (A) AGE AND SERVICE REQUIREMENT — AT MEMBER'S OPTION. A MEMBER MAY RETIRE WITH A NORMAL SERVICE RETIREMENT ALLOWANCE (1) ON OR BEFORE THE DATE OF RETIREMENT, THE MEMBER: (I) HAS AT LEAST 25 YEARS OF ELIGIBILITY SERVICE; OR (II) IS AT LEAST 50 YEARS OLD; AND (2) THE MEMBER COMPLETES AND SUBMITS A WRITTEN APPLICATION (B) SAME — BY ORDER OF SUPERINTENDENT. (1) SUBJECT TO THE APPROVAL OF THE BOARD OF TRUSTEES, THE - 531 -
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Volume 773, Page 531 View pdf image |
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