ROBERT L. EHRLICH, JR., Governor                             Ch. 532

26-205.

Regular interest is payable on member contributions until retirement or
withdrawal of accumulated contributions at the rate of:

(1)     4% a year, compounded annually, for a member who has transferred
from the Employees' Retirement System ON OR BEFORE DECEMBER 31, 2004; or

(2)     5% a year, compounded annually, for each other member.
28-202.

(a)     Except as provided in subsection (b) of this section, an individual described
in § 28-201 of this subtitle WHO is a member of the Local Fire and Police System ON
OR BEFORE DECEMBER 31, 2004, IS A MEMBER OF THE LOCAL FIRE AND POLICE
SYSTEM as a condition of employment.

(b) Membership in the Local Fire and Police System is optional for an
individual who was employed by a participating governmental unit on the date the
participating governmental unit begins to participate in the Local Fire and Police
System.

(C) AN INDIVIDUAL WHO IS NOT A MEMBER OF THE LOCAL FIRE AND POLICE
SYSTEM ON DECEMBER 31, 2004, IS NOT ELIGIBLE FOR MEMBERSHIP IN THE LOCAL
FIRE AND POLICE SYSTEM.

29-115.

(b)     (1) (I) The Board of Trustees [may] SHALL, after giving notice,
temporarily suspend the retiree's allowance if the retiree:

[(i)] 1. began receiving a disability retirement allowance on or
after July 1, 1998; and

[(ii)]2. is employed by a participating employer at an annual
compensation that is at least equal to the retiree's average final compensation at
retirement.

(II) A TEMPORARY SUSPENSION UNDER THIS SUBSECTION SHALL
BEGIN AS OF THE DATE THE RETIREE IS REEMPLOYED BY A PARTICIPATING
EMPLOYER UNDER SUBPARAGRAPH (I)2 OF THIS PARAGRAPH.

(2)     A retiree whose allowance is temporarily suspended under this
subsection is not subject to a reduction as provided in § 29-116 of this subtitle during
the period of employment by a participating employer.

(3)     Upon receiving satisfactory documentation that the retiree is no
longer employed by a participating employer, the Board of Trustees shall reinstate the
retiree's allowance with accumulated cost-of-living adjustments from the date the
allowance was temporarily suspended.

(4)     The retiree's allowance will be reinstated on the first day of the
month following the month in which the retiree ceased employment with the
participating employer.

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