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Resolution
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of office. The legislator is not required to submit a completed application for membership to the
Board of Trustees.
(3) A legislator who is a member of the Legislative Pension Plan under a prior
resolution of the General Assembly Compensation Commission may elect to cease being a member
in the Legislative Pension Plan by submitting written notice to the Board of Trustees promptly after
taking office.
(c) Effective date of membership.
(1) In this subsection, "initial enrollment period" means the period within 6 months
after the date the legislator takes office.
(2) A legislator shall earn membership service credit as of the date the legislator takes
office if at any time on or before the expiration of the initial enrollment period, the legislator:
(i) Submits a completed application for membership to the Board of Trustees;
and
(ii) Pays to the Board of Trustees the member contributions which would have
been paid by the legislator had the legislator been a member of the Legislative Pension Plan as of
the date the legislator takes office.
(3) If a legislator submits a completed application for membership to the Board of
Trustees after the expiration of the initial enrollment period, the legislator shall earn membership
service credit as of the date the legislator submits the completed application for membership to the
Board of Trustees.
5. Member contributions.
(a) In general. Except as provided in subsection (b) of this section, each member of the
Legislative Pension Plan shall contribute an amount equal to 5% of the member's annual salary.
(b) Exceptions.
(1) Subject to paragraph (2) of this subsection, a member does not make any further
contributions after 22 years and 3 months of creditable service.
(2) If the member elects to receive a retirement allowance under § 8(e)(2) of this Item
3A, a member shall contribute an amount equal to 5% of the member's annual salary until the
member accrues the maximum retirement allowance payable under § 8(e)(2) of this Item 3A.
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(c) Payment of member contributions. The member contribution shall be deducted
proportionately from the member's salary each pay period and credited to the member's individual
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6076
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