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2007 Laws of Maryland
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Ch. 334
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2. the Board of Trustees shall pay the retiree an
allowance as provided in § 21-404(d)(2) of this subtitle.
(f) (1) Subject to paragraph (2) of this subsection, under Option 6, when a
retiree dies, the Board of Trustees shall pay 50% of the retiree's reduced allowance to
the designated beneficiary for the designated beneficiary's life.
(2) If the designated beneficiary dies before the retiree, then:
(i) [from] BEGINNING IN THE MONTH FOLLOWING the date of
death of the designated beneficiary, the Board of Trustees shall pay the retiree the
basic allowance; or
(ii) 1. the retiree may designate a new beneficiary in
accordance with § 21-404 of this subtitle; and
2. the Board of Trustees shall pay the retiree an
allowance as provided in § 21-404(d)(2) of this subtitle.
22 212.1.
(A) THIS SECTION APPLIES TO AN INDIVIDUAL WHO.
(1) IS A MEMBER OF THE TEACHERS' RETIREMENT SYSTEM ON
JUNE 30, 2007; AND
(2) IS ELIGIBLE TO PARTICIPATE IN THE OPTIONAL RETIREMENT
PROGRAM UNDER TITLE 30 OF THIS ARTICLE.
(B) AN INDIVIDUAL DESCRIBED UNDER SUBSECTION (A) OF THIS
SECTION CONTINUES TO BE A MEMBER OF THE TEACHERS' RETIREMENT
SYSTEM UNLESS THE INDIVIDUAL ELECTS TO PARTICIPATE IN THE OPTIONAL
RETIREMENT PROGRAM UNDER TITLE 30 OF THIS ARTICLE ON OR BEFORE
JUNE 30, 2008.
22-303.1.
(a) Except as provided in subsection (b) of this section, a member may not
purchase service credit under this title if the member is separated from employment.
(b) A member WHO IS SEPARATED FROM EMPLOYMENT may purchase
service credit under this title [if the member is on] FOR a leave of absence approved
by the Board of Trustees under regulations that apply to all members, IF THE
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- 2090 -
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