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Martin O'Malley, Governor
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Ch. 334
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(2) the compensation that the retiree will receive.
(c) (1) The Board of Trustees shall reduce [a retiree's retirement
allowance by] THE RETIREMENT ALLOWANCE OF A RETIREE WHO ACCEPTS
EMPLOYMENT AS PROVIDED UNDER SUBSECTION (B) OF THIS SECTION IF THE
RETIREE'S CURRENT EMPLOYER IS ANY UNIT OF STATE GOVERNMENT AND THE
RETIREE'S EMPLOYER AT THE TIME OF THE RETIREE'S LAST SEPARATION FROM
EMPLOYMENT WITH THE STATE BEFORE THE RETIREE COMMENCED RECEIVING
A SERVICE RETIREMENT ALLOWANCE WAS ALSO A UNIT OF STATE
GOVERNMENT.
(2) THE REDUCTION REQUIRED UNDER PARAGRAPH (1) OF THIS
SUBSECTION SHALL EQUAL the amount that the sum of the retiree's annual
retirement allowance and the retiree's annual compensation exceeds the amount of the
compensation on which the retirement allowance is based.
[(2)] (D) If a retiree accepts employment as allowed by subsection (a)
of this section and is subsequently awarded retirement benefits because of that
employment, the Board of Trustees shall reduce the retiree's benefits under this
subtitle by the amount of the retirement benefits resulting from the subsequent
employment IF THE RETIREE'S CURRENT EMPLOYER IS ANY UNIT OF STATE
GOVERNMENT AND THE RETIREE'S EMPLOYER AT THE TIME OF THE RETIREE'S
LAST SEPARATION FROM EMPLOYMENT WITH THE STATE BEFORE THE RETIREE
COMMENCED RECEIVING A SERVICE RETIREMENT ALLOWANCE WAS ALSO A
UNIT OF STATE GOVERNMENT.
28-306.
(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.
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28-306.1.
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- 2099 -
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