Ch. 6

1994 LAWS OF MARYLAND

"Selection C (Combination formula)" § 29-401
"State Police Retirement System" § 20-101
"Teachers' Retirement System" § 20-101

29-422. THE ADJUSTMENT GENERALLY.

(A)     "EFFECTIVE DATE OF SELECTION" DEFINED.

IN THIS SECTION, "EFFECTIVE DATE OF SELECTION" MEANS THE DATE THAT
THE MEMBER, FORMER MEMBER, OR RETIREE FIRST BECAME SUBJECT TO
SELECTION C (COMBINATION FORMULA) AS PROVIDED IN § 22-221 OF THIS TITLE.

(B)      IN GENERAL.

EXCEPT AS PROVIDED IN SUBSECTION (C) OF THIS SECTION, THE BOARD OF
TRUSTEES SHALL ADJUST AN ALLOWANCE DESCRIBED IN § 29-421 OF THIS SUBTITLE:

(1)      FOR CREDITABLE SERVICE BEFORE THE EFFECTIVE DATE OF
SELECTION, AS PROVIDED BY PART III OF THIS SUBTITLE; AND

(2)      FOR CREDITABLE SERVICE ON OR AFTER THE EFFECTIVE DATE OF
SELECTION, AS PROVIDED BY PART II OF THIS SUBTITLE.

(C)     ADJUSTMENT FOR CERTAIN INDIVIDUALS.

FOR A MEMBER, FORMER MEMBER, OR RETIREE WHO WAS SUBJECT TO
SELECTION B (LIMITED COST-OF-LIVING ADJUSTMENT) BEFORE ELECTING
SELECTION C (COMBINATION FORMULA), THE BOARD OF TRUSTEES SHALL ADJUST
AN ALLOWANCE DESCRIBED IN § 29-421 OF THIS SUBTITLE:

(1)      FOR CREDITABLE SERVICE BEFORE THE EFFECTIVE DATE OF
SELECTION, AS PROVIDED BY PART IV OF THIS SUBTITLE; AND

(2)      FOR CREDITABLE SERVICE ON OR AFTER THE EFFECTIVE DATE OF
SELECTION, AS PROVIDED BY PART II OF THIS SUBTITLE.                           

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 73B, §§ 2-416(d) and 3-413(d) and, as they related
to a cost-of-living adjustment after electing Selection C (Combination
formula), §§ 2-414(g)(2), 2-415(g)(1), 3-411(g)(2), and 3-412(g)(l).

Defined terms: "Allowance" § 20-101
"Board of Trustees" § 20-101
"Creditable service" § 20-101
"Former member" § 20-101
"Member" § 20-101
"Retiree" § 20-101

"Selection B (Limited cost-of-living adjustment)" § 29-401
"Selection C (Combination formula)" § 29-401

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