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Ch. 334
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2007 Laws of Maryland
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(B) AN INDIVIDUAL DESCRIBED UNDER SUBSECTION (A) OF THIS
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SECTION CONTINUES TO BE A MEMBER OF THE TEACHERS' PENSION SYSTEM
UNLESSTHE INDIVIDUAL ELECTS TO PARTICIPATE IN THE OPTIONAL
RETIREMENT PROGRAM UNDER TITLE 30 OF THIS ARTICLE ON OR BEFORE
JUNE 30, 2008.
23-304.1.
(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
MEMBER PURCHASES THE SERVICE CREDIT WITHIN 60 DAYS AFTER THE
EXPIRATION OF THE LEAVE OF ABSENCE.
23- 306.
(A) A member is entitled to eligibility service during a leave of absence if the
leave of absence:
(1) is approved by the Board of Trustees under regulations that apply
to all members similarly situated; and
(2) is not otherwise recognized as eligibility service under this subtitle.
(B) TO RECEIVE SERVICE CREDIT FOR A LEAVE OF ABSENCE
DESCRIBED UNDER SUBSECTION (A) OF THIS SECTION, A MEMBER SHALL PAY
THE MEMBER CONTRIBUTIONS WITH REGULAR INTEREST, IF ANY, AS
DETERMINED BY THE BOARD OF TRUSTEES UNDER REGULATIONS THAT APPLY
TO ALL MEMBERS SIMILARLY SITUATED.
24- 304.1.
(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
MEMBER PURCHASES THE SERVICE CREDIT WITHIN 60 DAYS AFTER THE
EXPIRATION OF THE LEAVE OF ABSENCE.
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- 2096 -
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