|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
Ch. 426
|
|
|
|
|
|
|
|
|
|
|
|
|
|
transfers of service credit by certain members of the State Police Retirement
System; providing for procedures in the transfer; providing for the application of
this Act; providing for the termination of this Act; and generally relating to
transfers of service credit by members of the State Police Retirement System.
BY repealing and reenacting, without amendments,
Article - State Personnel and Pensions
Section 37-203
Annotated Code of Maryland
(1997 Replacement Volume and 2001 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - State Personnel and Pensions
37-203.
(a) This section does not apply to a transfer of service credit to or from the
State Contributory Employees' Pension System or the State Contributory Teachers'
Pension System.
(b) (1) An individual may not transfer service credit under this title unless
the individual makes a claim for the service credit within 1 year after becoming a
member of the new system.
(2) An individual may not transfer service credit from one contributory
system to another contributory system unless within 1 year after becoming a member
of the new system the individual deposits in the annuity savings fund or other
corresponding fund of the new system the total accumulated contributions to the
individual's credit in the annuity savings fund or other corresponding fund of the
previous system.
(c) Except as provided in § 37-204 of this subtitle, an individual who transfers
service credit under this title shall receive service credit in the new system in the
amount of service credit accumulated under the previous system.
(d) On verification of the service credit, the previous system may not provide
any benefit for service credit transferred from the previous system to a new system
under this title.
(e) (1) Except as provided in paragraph (2) of this subsection, if an
individual transfers service credit under this title, the previous system shall refund
the individual's accumulated contributions on request.
(2) Accumulated contributions applicable to the receipt of service credit
or benefits in the new system may not be refunded if:
(i) an individual transfers from one noncontributory system to
another noncontributory system; or
|
|
|
|
|
|
|
|
|
|
(ii) a former member transfers under § 37-202(b) of this subtitle.
|
|
|
|
|
|
|
|
|
|
- 3217 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
