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PARRIS N. GLENDENING, Governor
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Ch. 395
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(2) A MEMBER'S NORMAL SERVICE RETIREMENT ALLOWANCE UNDER
PARAGRAPH (1) OF THIS SUBSECTION MAY NOT EXCEED 60% OF THE MEMBER'S
AVERAGE FINAL COMPENSATION.
(3) (I) THIS PARAGRAPH APPLIES ONLY TO A MEMBER WHO IS NOT
SUBJECT TO THE LAW ENFORCEMENT OFFICERS' MODIFIED PENSION BENEFIT
UNDER SUBTITLE 2, PART II OF THIS TITLE.
(II) [As to a member who has transferred from the Employees'
Retirement System and who has elected Selection A (Additional member
contributions) or Selection B (Limited cost-of-living adjustment), on] ON retirement
under this [section] PARAGRAPH, the member is entitled to receive a normal service
retirement allowance that equals:
1. 2% of the member's average final compensation multiplied
by each year of the member's first 30 years of creditable service; and
2. 1% of the member's average final compensation multiplied
by each year of creditable service in excess of 30 years.
[(c) (1) This subsection applies only to a member who:
(i) has retired under subsection (b)(1) of this section; and
(ii) is under the age of 62 years.
(2) On retirement, a member shall receive a supplemental service
retirement allowance that equals the difference between:
(i) the member's normal service retirement allowance; and
(ii) 1.7% of the member's average final compensation for each year
of creditable service.]
29-104.
(a) Except as provided in subsection (c) of this section and subject to
subsection (d) of this section, an application for disability retirement must be
submitted before the date membership ends.
(b) (1) (I) This subsection applies only to an application for an ordinary or
accidental disability retirement allowance under the Employees' Pension System,
Local Fire and Police System, Law Enforcement Officers' Pension System, or the
Teachers' Pension System.
(II) THIS SUBSECTION DOES NOT APPLY TO A MEMBER OF THE LAW
ENFORCEMENT OFFICERS' PENSION SYSTEM WHO IS SUBJECT TO THE LAW
ENFORCEMENT OFFICERS' MODIFIED PENSION BENEFIT UNDER TITLE 26, SUBTITLE
2, PART II OF THIS ARTICLE.
(2) For the purpose of submitting an application for disability,
membership continues for 3 years after paid employment ends.
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- 2157 -
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