Volume 795, Page 4183 View pdf image |
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PARRIS N. GLENDENING, Governor Ch. 736 1. 0.8% of the member's average final compensation that is not 2. 1.5% of the member's average final compensation that (ii) If a member has less than 30 years of eligibility service, not 1. Reduced by the lesser of 0.5% for each month by which the 2. Increased by the lesser of 18% or the amount of the (7) The Board of Trustees: (i) May adopt regulations to carry out this section of this Act; and (ii) May not accept an application for retirement under this section of (8) A member who retires under this section of this Act may not receive a (9) If the member dies prior to the effective date of retirement, an SECTION 3. AND BE IT FURTHER ENACTED, That: (1) A retiree who retires under this Act may not become reemployed in a (2) If a retiree who retires under this Act is reemployed in a permanent, (3) No more than 2% of the total number of employees retiring under this (4) The Board of Public Works may not approve the reemployment in a - 4183 -
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Volume 795, Page 4183 View pdf image |
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