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Session Laws, 1999
Volume 796, Page 1751   View pdf image
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PARRIS N. GLENDENING, Governor
Article - State Personnel and Pensions

Ch. 176

Section 32-101(b)
Annotated Code of Maryland

(1997 Replacement Volume and 1998 Supplement)

(As enacted by Chapter 530 of the Acts of the General Assembly of 1998)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - State Personnel and Pensions

22- 214.

(c) (1) This subsection applies to a member who is subject to Selection C
(Combination formula).

(2) A member's contribution rate is [5% of the part of the member's
earnable compensation that exceeds the taxable wage base for each year] AS
PROVIDED IN § 23-212 OF THIS ARTICLE.

23- 212.

(a) Except as provided in subsection (b) of this section, a member's
contribution rate is 5% of the part of the member's earnable compensation that
exceeds the taxable wage base for each year.

(b) [(1) This subsection does not apply to:

(i) an employee of a participating governmental unit or a former
participating governmental unit that has withdrawn; or

(ii) a member of the Employees* Pension System or Teachers'
Pension System who transferred from the Employees' Retirement System or Teachers'
Retirement System after April 1, 1998.

(2)] The contribution rate of a member WHO IS SUBJECT TO THE
CONTRIBUTORY PENSION BENEFIT UNDER PART II OF THIS SUBTITLE is 2% of the
member's earnable compensation.

23-215. RESERVED.

23-216. RESERVED.

PART II. CONTRIBUTORY PENSION BENEFIT.

23-217.

(A) EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, THIS PART II
OF THIS SUBTITLE APPLIES TO AN INDIVIDUAL WHO IS:

(1) A MEMBER OF THE EMPLOYEES' PENSION SYSTEM OR THE
TEACHERS' PENSION SYSTEM; OR

 

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Session Laws, 1999
Volume 796, Page 1751   View pdf image
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