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PARRIS N. GLENDENING, Governor Ch. 245
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6. receives verification of satisfactory or better performance
each year the teacher is employed under item 5 of this item; OR
(IV) A RETIREE OF THE TEACHERS' PENSION SYSTEM WHO:
1. WAS EMPLOYED AS A PRINCIPAL AT THE TIME WITHIN 5
YEARS OF RETIREMENT;
1. 2. HAS VERIFICATION OF BETTER THAN SATISFACTORY OR
BETTER PERFORMANCE IN THE LAST ASSIGNMENT AS A PRINCIPAL PRIOR TO
RETIREMENT;
2. 3. BASED ON THE SPECIALIZED PERSONNEL'S RETIREE'S
QUALIFICATIONS, HAS BEEN HIRED:
A. IN A SPECIALIZED PERSONNEL POSITION FOR WHICH THE
COUNTY BOARD CONSIDERS THERE IS A SHORTAGE;
B. AS A PRINCIPAL;
C. AS STAFF WHO WORKS DIRECTLY WITH STUDENTS; OR
D. AS A STATE MONITOR;
3. 4. A. RETIRED WITH A NORMAL SERVICE RETIREMENT
ALLOWANCE UNDER § 23-401 OF THIS SUBTITLE; OR
B. RETIRED WITH AN EARLY SERVICE RETIREMENT
ALLOWANCE UNDER § 23-402 OF THIS SUBTITLE AND HAS BEEN RETIRED FOR AT
LEAST 12 MONTHS; AND
4. 5. RECEIVES VERIFICATION OF BETTER THAN
SATISFACTORY OR BETTER PERFORMANCE EACH YEAR THE RETIREE IS EMPLOYED
IN A POSITION DESCRIBED IN ITEM 3 OF THIS SUBPARAGRAPH AS A PRINCIPAL
UNDER ITEM 3 OF THIS ITEM; AND
6. IS NOT EMPLOYED AS A PRINCIPAL UNDER ITEM 3 OF THIS
ITEM FOR MORE THAN 4 YEARS.
(2) The Board of Trustees shall reduce an individual's allowance:
(i) by the amount that the sum of the individual's initial annual
basic allowance and the individual's annual compensation exceeds the average final
compensation used to compute the basic allowance; or
(ii) for a retiree who retired under the Workforce Reduction Act
(Chapter 353 of the Acts of 1996), by the amount that the sum of the retiree's annual
compensation and the retiree's annual basic allowance at the time of retirement,
including the incentive provided by the Workforce Reduction Act, exceeds the average
final compensation used to compute the basic allowance.
(c) An individual who is receiving a service retirement allowance or a vested
allowance and who is reemployed by a participating employer may not receive
creditable service or eligibility service during the period of reemployment.
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