Ch. 6                                            1994 LAWS OF MARYLAND

(1)      ADDITIONAL CONTRIBUTIONS MADE UNDER THIS SECTION MAY
NOT EXCEED AN AMOUNT THAT WOULD ALLOW THE MEMBER TO PURCHASE AN
ADDITIONAL ANNUITY THAT, WHEN ADDED TO THE MEMBER'S PROSPECTIVE BASIC
ALLOWANCE, WILL PROVIDE FOR THE MEMBER A TOTAL ALLOWANCE IN EXCESS OF
THE AMOUNTS PROVIDED IN THIS SUBSECTION.

(2)      (I) THIS PARAGRAPH APPLIES ONLY TO MEMBERS OF:

1.        THE CORRECTIONAL OFFICERS' RETIREMENT SYSTEM;

2.        THE EMPLOYEES' RETIREMENT SYSTEM;

3.        THE LOCAL FIRE AND POLICE SYSTEM, WHO
TRANSFERRED FROM THE EMPLOYEES' RETIREMENT SYSTEM;

4. THE NATURAL RESOURCES PENSION SYSTEM, WHO
TRANSFERRED FROM THE EMPLOYEES' RETIREMENT SYSTEM; AND

                          5. THE TEACHERS' RETIREMENT SYSTEM.

(II) THE TOTAL ALLOWANCE DESCRIBED IN PARAGRAPH (1) OF
THIS SUBSECTION MAY NOT EXCEED TWO-THIRDS OF THE MEMBER'S ESTIMATED
AVERAGE FINAL COMPENSATION AT THE EARLIER OF:

                1. THE AGE OF 60 YEARS; OR

2. 30 YEARS OF CREDITABLE SERVICE.

(3) (I) THIS PARAGRAPH APPLIES ONLY TO MEMBERS OF:

1.        THE EMPLOYEES' PENSION SYSTEM;

2.        THE LOCAL FIRE AND POLICE SYSTEM, WHO HAVE NOT
TRANSFERRED FROM THE EMPLOYEES' RETIREMENT SYSTEM;

3.        THE NATURAL RESOURCES PENSION SYSTEM, WHO HAVE
NOT TRANSFERRED FROM THE EMPLOYEES' RETIREMENT SYSTEM; AND

4.        THE TEACHERS' PENSION SYSTEM.

(II) THE TOTAL ALLOWANCE DESCRIBED IN PARAGRAPH (1) OF
THIS SUBSECTION MAY NOT EXCEED TWO-THIRDS OF THE MEMBER'S ESTIMATED
AVERAGE FINAL COMPENSATION AT THE AGE OF 62 YEARS.

(4) (I) THIS PARAGRAPH APPLIES ONLY TO MEMBERS OF THE STATE
POLICE RETIREMENT SYSTEM.

(II) THE TOTAL ALLOWANCE DESCRIBED IN PARAGRAPH (1) OF
THIS SUBSECTION MAY NOT EXCEED ONE-HALF OF THE MEMBER'S ESTIMATED
AVERAGE FINAL COMPENSATION AT THE AGE OF 50 YEARS.

(C) ADDITIONAL CONTRIBUTIONS AS PART OF ACCUMULATED
CONTRIBUTIONS.

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