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Session Laws, 1999
Volume 796, Page 1755   View pdf image
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23-308.1.

(A) THIS SECTION APPLIES ONLY TO A FORMER MEMBER, MEMBER, RETIREE,
OR SURVIVING BENEFICIARY OF THE EMPLOYEES' RETIREMENT SYSTEM OR THE
TEACHERS' RETIREMENT SYSTEM WHO IS SUBJECT TO THE SELECTION C
(COMBINATION FORMULA) AS PROVIDED IN § 22-221 OF THIS ARTICLE AND TO
SUBTITLE 2, PART II OF THIS TITLE.

(B) EXCEPT AS PROVIDED IN SUBSECTION (C) OF THIS SECTION, A MEMBER
WHO IS SUBJECT TO THE CONTRIBUTORY PENSION BENEFIT UNDER SUBTITLE 2,
PART II OF THIS TITLE MAY PURCHASE CREDIT FOR ELIGIBILITY SERVICE FOR THE
PERIOD OF EMPLOYMENT FROM JULY 1, 1998 THROUGH JUNE 30, 1999, OR IF AN
EMPLOYEE OF A PARTICIPATING GOVERNMENTAL UNIT, FROM JULY 1, 1998
THROUGH THE EFFECTIVE DATE OF ELECTION OF THE MEMBER'S PARTICIPATING
EMPLOYER BY PAYING TO THE BOARD OF TRUSTEES:

(1) ON OR BEFORE JUNE 30, 2000, THE AMOUNT THE MEMBER WOULD
HAVE BEEN REQUIRED TO CONTRIBUTE FOR THAT PERIOD OF EMPLOYMENT; OR

(2) ON OR AFTER JULY 1, 2000, THE AMOUNT THE MEMBER WOULD HAVE
BEEN REQUIRED TO CONTRIBUTE FOR THAT PERIOD OF EMPLOYMENT PLUS
REGULAR INTEREST COMPOUNDED ANNUALLY.

(C) IF THE MEMBER FAILS TO MAKE THE PAYMENT AS PROVIDED UNDER
SUBSECTION (B) OF THIS SECTION, THE BOARD OF TRUSTEES SHALL REDUCE
ACTUARIALLY THE ALLOWANCE PAYABLE TO A FORMER MEMBER, RETIREE, OR
SURVIVING BENEFICIARY OF A DECEASED MEMBER FORMER MEMBER, OR RETIREE.

23-309.

(a) (1) For the purpose of computing benefits under this title, creditable
service consists of:

(i) eligibility service as adjusted under subsection (b) of this

section; and

(ii) credit for unused sick leave as provided in § 20-206 of this
article AND § 23-310 OF THIS SUBTITLE.

(2) (i) This paragraph does not apply to an official of a participating
governmental unit.

(ii) An official who was appointed on or after June 1, 1980, may not
receive creditable service in the Employees' Pension System for any year in which the
official works fewer than 130 days.

(b) (1) This subsection does not apply to eligibility service that consists of:

(i) service credit transferred from another retirement or pension

system;

(ii) military service credit granted under Title 38 of this article; or

 

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Session Laws, 1999
Volume 796, Page 1755   View pdf image
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