ROBERT L. EHRLICH, JR., Governor                           H.B. 816

(3) ON RETIREMENT, THE MEMBER'S RETIREMENT ALLOWANCE SHALL
BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THE AMOUNT DETERMINED
UNDER PARAGRAPH (2) OF THIS SUBSECTION IF THE MEMBER ELECTS NOT TO
DEPOSIT THIS AMOUNT IN THE ANNUITY SAVINGS OR OTHER CORRESPONDING
FUND.

23-307.4.

(A)     THIS SECTION APPLIES ONLY TO A MEMBER OF THE EMPLOYEES' PENSION
SYSTEM WHO:

(1)      WAS AN EMPLOYEE OF THE STATE PRIOR TO NOVEMBER 1, 1996;

(2)      AS OF NOVEMBER 1, 1996 WAS EMPLOYED BY A PRIVATE VENDOR TO
PROVIDE CHILD SUPPORT ENFORCEMENT SERVICES IN BALTIMORE CITY; AND

(3)      RESUMED EMPLOYMENT WITH THE STATE AS OF NOVEMBER 1, 2002.

(B)     A MEMBER DESCRIBED IN SUBSECTION (A) OF THIS SECTION SHALL
RECEIVE SERVICE CREDIT FOR THE TIME THE MEMBER WAS EMPLOYED BY A
PRIVATE VENDOR TO PROVIDE CHILD SUPPORT ENFORCEMENT SERVICES IN
BALTIMORE CITY PRIOR TO JULY 1, 1998.

(C)     (1) A MEMBER DESCRIBED IN SUBSECTION (A) OF THIS SECTION IS
ENTITLED TO RECEIVE SERVICE CREDIT FOR THE TIME THE MEMBER WAS
EMPLOYED BY A PRIVATE VENDOR TO PROVIDE CHILD SUPPORT ENFORCEMENT
SERVICES IN BALTIMORE CITY FROM JULY 1, 1998 THROUGH OCTOBER 31, 2002.

(2)      ON OR BEFORE JUNE 30, 2008 PRIOR TO RETIREMENT, AND SUBJECT
TO PARAGRAPH (3) OF THIS SUBSECTION, A MEMBER WHO RECEIVES SERVICE
CREDIT UNDER THIS SUBSECTION SHALL DEPOSIT IN THE ANNUITY SAVINGS FUND
OR OTHER CORRESPONDING FUND AN AMOUNT OF MONEY EQUAL TO THE
CONTRIBUTION PAYMENTS THAT THE MEMBER AND THE EMPLOYER WOULD HAVE
PAID HAD THE MEMBER BEEN A STATE EMPLOYEE, INCLUDING REGULAR INTEREST
ON THE CONTRIBUTIONS AT THE RATE OF 5% PER YEAR COMPOUNDED ANNUALLY.

(3)      ON RETIREMENT, THE MEMBER'S RETIREMENT ALLOWANCE SHALL
BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THE AMOUNT DETERMINED
UNDER PARAGRAPH (2) OF THIS SUBSECTION IF THE MEMBER ELECTS NOT TO
DEPOSIT THIS AMOUNT IN THE ANNUITY SAVINGS OR OTHER CORRESPONDING
FUND.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2003.

May 22, 2003

The Honorable Michael E. Busch
Speaker of the House
State House
Annapolis MD 21401

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