|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
Ch. 341
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(e) For an employee of Dorchester County who is a member of the Employees'
Pension System or the Employees' Retirement System, Dorchester County shall pay
the employer contributions Otherwise required to be made by the State on behalf of
the member.
(f) (1) For a member of the State Police Retirement System, the State shall
pay the cost of special death benefits under § 29-204(b)(1)(ii) of this article, including
the normal contribution rate and the accrued liability rate, up to the current
contribution rate for employers for federal old age, survivors, and disability
insurance.
(2) Except as provided in paragraph (3) of this subsection, the members
shall pay the cost of the special death benefits that exceeds the current rate for
federal old age, survivors, and disability insurance.
(3) The State shall pay the full costs of each special death benefit
applicable to each member whose death arises out of or in the course of actual
performance of duty.
(g) For an employee of the Maryland Environmental Service who is a member
of the Employees' Retirement System or the Pension System for Employees, the
Maryland Environmental Service shall pay to the Board of Trustees the employer
contributions otherwise required to be made by the State on behalf of the member.
(h) For a court reporter for the Circuit Court for Charles County who is a
member of the Employees' Retirement System or the Employees' Pension System, the
County Commissioners of Charles County shall pay the employer contributions
otherwise required to be made by the State on behalf of the member.
(i) (1) Except as provided in subsection (j) of this section, the University
System of Maryland shall pay an annual accrued liability contribution equal to an
amount that is sufficient to liquidate over not more than 5 years, the increase in the
accrued liability by means of annual payments that increase each year based on
actuarial assumptions adopted by the Board of Trustees on the recommendation of
the actuary.
(2) The University System of Maryland:
(i) shall pay to the Board of Trustees the amount required under
this subsection on July 1 of each year until the increase in the accrued liability is paid
in full; and
(ii) may prepay all or a portion of the increase in the accrued
liability in accordance with a calculation approved by the Board of Trustees.
(j) (1) The Medical System, as defined in § 13-301(k) of the Education
Article, shall pay an annual accrued liability contribution equal to an amount that is
sufficient to liquidate, over not more than 5 years, the increase in the accrued liability
determined under § 21-304(d)(5) of this subtitle that is attributable to the retirement
of Medical System university personnel, as defined in § 13-301(q) of the Education
Article, by means of annual payments that increase each year based on actuarial
assumptions adopted by the Board of Trustees on the recommendation of the actuary.
|
|
|
|
|
|
|
|
|
|
- 2887 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
