PARRIS N. GLENDENING, Governor

Ch. 353

(iii) A member's credit for unused sick leave may not be used to
determine the member's creditable service that is used to compute the additional service
credit under this paragraph;

(5) (8) (i) Except as provided in subparagraphs (ii) and (iii) of this
paragraph, a member of the Employees' Retirement System who retires under this
section of this Act shall receive a service retirement allowance equal to one fifty-fifth of
the member's average final compensation multiplied by the sum of:

1.       The member's creditable service; and

2.       The additional credit described in paragraph (4) (7) of this
section of this Act;

(ii) If a member has less than 30 years of creditable service and is less
than 60 years old, the member's retirement allowance computed under subparagraph (i)
of this paragraph shall be reduced by 0.5 percent for each month by which the member's
day of retirement precedes the earlier of:

1. The day the member would have been 60 years old; or

2. The day the member would have completed 30 years of
creditable service, not including the credit described in paragraph (4) (7) of this section of
this Act; and

(ii) If a member has less than 30 years of creditable service and is less than
60 years old, the member's retirement allowance computed under subparagraph (i) of this
paragraph shall be:

1. Reduced by the lesser of 0.5% for each month by which the
member's date of retirement precedes the earlier of the date the member would be 60 years old
or the date the member would have completed 30 years of creditable service, not including the
credit described in paragraph (7) of this section of this Act, or 30%; and

2. Increased by the lesser of 18% or the amount of the reduction
under sub-subparagraph 1 of this subparagraph; and

(iii) A member of the Employees' Retirement System who is subject to
Selection C (Combination formula) shall receive a service retirement allowance:

1.       For creditable service before July 1, 1984, as provided in
subparagraph (i) of this paragraph; and

2.       For creditable service from July 1, 1984, as provided in
paragraph (6) (9) of this section of this Act;

(6) (9) (i) Except as provided in subparagraph (ii) of this paragraph, a
member of the Employees' Pension System who retires under this section of this Act shall
receive a service retirement allowance equal to the sum of the member's creditable
service and the additional credit described in paragraph (4) (7) of this section of this Act,
multiplied by:

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