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Session Laws, 1994
Volume 773, Page 616   View pdf image
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Ch. 6                                            1994 LAWS OF MARYLAND

29-206. SAME — PENSION SYSTEMS.

(A) SCOPE OF SECTION.

THIS SECTION APPLIES TO THE SURVIVING SPOUSE OF AN INDIVIDUAL WHO
DIED WHILE EMPLOYED AS A MEMBER OF:

(1)      THE EMPLOYEES' PENSION SYSTEM;

(2)      THE TEACHERS' PENSION SYSTEM; OR                                         

(3)      THE LOCAL FIRE AND POLICE SYSTEM, IF THE MEMBER HAD NOT
TRANSFERRED FROM THE EMPLOYEES' RETIREMENT SYSTEM.

(B) ELECTION DESCRIBED.

A SURVIVING SPOUSE MAY ELECT TO RECEIVE ONE OF THE FOLLOWING:

(1)      THE DEATH BENEFIT UNDER § 29-202 OF THIS SUBTITLE; OR

(2)      AN ALLOWANCE EQUAL TO THE AMOUNT PAYABLE UNDER OPTION
2 AS DESCRIBED IN § 21-403 OF THIS ARTICLE, IF:

(I)       THE SPOUSE IS THE SOLE PRIMARY DESIGNATED
BENEFICIARY; AND

(II)     THE MEMBER WAS AT LEAST 55 YEARS OLD WITH AT LEAST 15
YEARS OF ELIGIBILITY SERVICE OR WAS AT LEAST 62 YEARS OLD.

REVISOR'S NOTE: Subsection (a) of this section is new language added for
clarity.

Subsection (b) of this section is new language derived without substantive
change from former Art. 73B, §§ 4-414(c), 5-413(c), and 10-224(c).

In subsection (b)(1) of this section, the reference to "death benefit" is
substituted for "lump sum benefit" for clarity and consistency.

. In subsection (b)(2) of this section, the reference to "§ 21-403 of this article"
is added for clarity.

Also in subsection (b)(2) of this section, the former references to being
"eligible to retire" and having "[r]etired 30 days before the member's death"
under former Art. 73B, §§ 4-414(c)(1) and (2), 5-413(c)(1) and (2), and
10-224(c)(1) and (2), are deleted as included in the reference to the Option 2
allowance.

Defined terms: "Allowance" § 20-101

"Designated beneficiary" § 20-101                                                             

"Eligibility service" § 20-101                                                  

"Employees' Pension System" § 20-101

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Session Laws, 1994
Volume 773, Page 616   View pdf image
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