|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
|
|
|
|
Ch. 375
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) on an installment basis by contributing at least 2% of earnable
compensation per year; or
(2) by transferring, on written request to the Board of Trustees, any
prior contributions to a voluntary retirement benefit, less any costs of administering
that benefit.
(d) [A member who transfers contributions under subsection (c)(2) of this
section may not transfer contributions qualifying under § 403(b) of the Internal
Revenue Code.
(e) ] A member who elects to make payments under subsection (c) of this section
and who retires before completing the payments required to purchase this service
credit:
(1) is entitled to receive the service credit purchased before the date of
retirement; or
(2) may pay at the time of retirement the amount necessary to receive
full credit.
[(f)] (E) The surviving spouse of a member who elects to make payments
under subsection (c) of this section may pay for the appropriate final adjustment if:
(1) the member dies while actively employed as a member; and
(2) the deceased member's service qualifies for a death benefit under §
29-206 of this article.
[(g)] (F) A member may only purchase service credit under this section for
employment:
(1) with an out-of-state public school;
(2) with the federal government;
(3) with a nonpublic school;
(4) with a political subdivision;
(5) as a postsecondary teacher;
(6) with the State;
(7) with a public school as a teacher; or
(8) as a Baltimore City teacher on or before December 31, 1970, on
verified leave of absence of not more than 2 years that is similar in all respects to
leaves of absence approved by the Board of Trustees.
|
|
|
|
|
|
|
|
|
|
[(h)] (G) The total amount of service credit in the Teachers' Retirement
System or Teachers' Pension System that a member may purchase under this section
and § 23-308.2 of this subtitle may not exceed 10 years.
|
|
|
|
|
|
|
|
|
|
- 3005 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
