CHAPTER 176
(Senate Bill 363)
AN ACT concerning
Employees' Pension System - Participating Governmental Units and
Teachers' Systems - Inclusion in Contributory Pension Benefit Program -
Participating Governmental Units and Selection C (Combination Formula)
Members
FOR the purpose of authorizing certain governmental units that participate in the
Employees' Pension System to elect to provide its employees with certain
contributory pension benefits; providing that the employees of a participating
governmental unit that makes the election are entitled to certain benefits as of
a certain date; providing a certain exception for certain employees who
transferred from the Employees' Retirement System; making the election by the
participating governmental unit irrevocable; providing for inclusion in the
contributory benefits program of the Employees' Pension System and Teachers'
Pension System of certain members of the Employees' and Teachers' Retirement
System who are subject to Selection C (Combination formula); providing for
inclusion in the Optional Defined Contribution System of certain members of
the Employees' Retirement System who are subject to Selection C (Combination
formula); providing for the purchase of certain service credit to avoid a certain
actuarial deficiency adjustment in an allowance payable on behalf of certain
members; clarifying the apportionment of creditable service attributable to
qualifying military service and unused sick leave; making certain stylistic and
technical changes; providing for the application of this Act; and generally
relating to the participation of certain governmental units in in the contributory
benefits program of the Employees' Pension System and the Teachers' Pension
System and in the Optional Defined Contribution System.
BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 23-212, 23-302, 23-303, 23-401, 29-425, and 31-112
Section 22-214(c), 23-212, 23-302, 23-303, 23-309, 23-401, 29-422, 29-425,
and 31-112
Annotated Code of Maryland
(1997 Replacement Volume and 1998 Supplement)
BY adding to
Article - State Personnel and Pensions
Section 23-217 and 23-218 to be under the new part "Part II. Contributory
Pension Benefit"; 23-307.1 and 31-116, 23-308.1, 23-310, and 31-116
Annotated Code of Maryland
(1997 Replacement Volume and 1998 Supplement)
BY repealing and reenacting, with amendments,
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