Volume 794, Page 3573 View pdf image |
PARRIS N. GLENDENING, Governor Ch. 620 Article - State Personnel and Pensions Section 29-116 Annotated Code of Maryland (1994 Volume and 1995 Supplement) BY repealing and reenacting, with amendments, SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - State Personnel and Pensions 29-116. (a) The Board of Trustees shall reduce the pension of a retiree on ordinary (1) the retiree is under normal retirement age; (2) the medical board certifies in a report to the Board of Trustees that the (i) the retiree's retirement allowance at retirement; and (ii) the retiree's average final compensation plus $5,000; and (3) the Board of Trustees agrees with the medical board's report. (b) The Board of Trustees shall reduce the pension of a retiree who has been (1) less than 10 years, by $1 for every $2 that the retiree's current (2) at least 10 years, by $1 for every $5 that the retiree's current 29-117. (a) A disability retiree who is rehired by a participating employer [at a salary less (1) is entitled to continue to receive an allowance; but (2) may not become a member again of the retiree's former State system (b) (1) If a retiree with a disability retirement allowance who is under normal - 3573 -
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Volume 794, Page 3573 View pdf image |
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