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PARRIS N. GLENDENING, Governor
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Ch. 396
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(4) (3) HAS COMPLETED 1 YEAR OF EMPLOYMENT AS A MEMBER WHO
IS SUBJECT TO THE CONTRIBUTORY PENSION BENEFIT UNDER SUBTITLE 2, PART II
OF THIS TITLE.
(C) (1) A MEMBER MAY RECEIVE CREDIT FOR ELIGIBILITY SERVICE UNDER
THIS SECTION BY COMPLETING A CLAIM FOR THE SERVICE CREDIT AND FILING IT
WITH THE BOARD OF TRUSTEES ON THE FORM THAT THE BOARD OF TRUSTEES
PROVIDES AT ANY TIME BEFORE RETIREMENT.
(2) WHEN A MEMBER RECEIVES CREDIT FOR ELIGIBILITY SERVICE
UNDER SUBSECTION (B) OF THIS SECTION FROM ANOTHER SYSTEM, THE MEMBER
HAS NO FURTHER RIGHTS IN THE OTHER SYSTEM.
(D) IF A MEMBER WITHDREW THE MEMBER'S ACCUMULATED
CONTRIBUTIONS AFTER THE PRIOR SEPARATION FROM EMPLOYMENT, THE MEMBER
SHALL:
(1) REDEPOSIT ANY OF THE AMOUNTS WITHDRAWN WITH REGULAR
INTEREST TO THE DATE OF REDEPOSIT; OR
(2) ON RETIREMENT, THE INDIVIDUAL'S RETIREMENT ALLOWANCE
SHALL BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THE ACCUMULATED
CONTRIBUTIONS WITHDRAWN WITH REGULAR INTEREST TO THE DATE OF
RETIREMENT.
23-306.2.
(A) A MEMBER WHO IS SUBJECT TO THE CONTRIBUTORY PENSION BENEFIT
UNDER SUBTITLE 2, PART II OF THIS TITLE MAY PURCHASE SERVICE CREDIT AS
PROVIDED IN SUBSECTION (B) OF THIS SECTION FOR PERIODS OF EMPLOYMENT
DESCRIBED IN SUBSECTION (C) OF THIS SECTION FOR WHICH THE MEMBER IS NOT
OTHERWISE ENTITLED.
(B) (1) A MEMBER WHO PURCHASES SERVICE CREDIT UNDER THIS SECTION
SHALL:
(I) COMPLETE A CLAIM FOR THE SERVICE CREDIT AND FILE IT
WITH THE BOARD OF TRUSTEES ON A FORM THAT THE BOARD OF TRUSTEES
PROVIDES; AND
(II) PAY TO THE BOARD OF TRUSTEES IN A SINGLE PAYMENT THE
MEMBER CONTRIBUTIONS THE MEMBER WOULD HAVE MADE FOR THE PERIOD OF
EMPLOYMENT FOR WHICH SERVICE CREDIT IS BEING PURCHASED PLUS REGULAR
INTEREST TO THE DATE OF PAYMENT.
(2) A MEMBER MAY PAY FOR SERVICE CREDIT PURCHASED UNDER THIS
SECTION AT ANY TIME BEFORE RETIREMENT.
(C) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, A
MEMBER MAY PURCHASE SERVICE CREDIT FOR A PERIOD OF EMPLOYMENT AS A
MEMBER OF THE EMPLOYEES' PENSION SYSTEM OR TEACHERS' PENSION SYSTEM IF
THE MEMBER:
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- 2171 -
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