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Ch. 337
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2007 Laws of Maryland
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(j) (1) "Noncontributory system" means a State or local retirement or
pension system under which member contributions are not deducted from all
compensation.
(2) "Noncontributory system" includes the part of the Employees'
Pension System of the State of Maryland and the part of the Teachers' Pension System
of the State of Maryland that does not provide a contributory pension benefit under
Title 23, Subtitle 2, Part II of this article OR THE ALTERNATE CONTRIBUTORY
PENSION SELECTION UNDER TITLE 23, SUBTITLE 2, PART III OF THIS ARTICLE.
(N-1) "STATE ALTERNATE CONTRIBUTORY EMPLOYEES' PENSION
SYSTEM" MEANS THE PART OF THE EMPLOYEES' PENSION SYSTEM OF THE
STATE OF MARYLAND THAT PROVIDES THE ALTERNATE CONTRIBUTORY
PENSION SELECTION UNDER TITLE 23, SUBTITLE 2, PART III OF THIS ARTICLE.
(N-2) "STATE ALTERNATE CONTRIBUTORY TEACHERS' PENSION
SYSTEM" MEANS THE PART OF THE TEACHERS' PENSION SYSTEM OF THE
STATE OF MARYLAND THAT PROVIDES THE ALTERNATE CONTRIBUTORY
PENSION SELECTION UNDER TITLE 23, SUBTITLE 2, PART III OF THIS ARTICLE.
37-201.
(a) Subject to subsection (b) of this section, this title applies to transfers from
a State or local retirement or pension system to another State or local retirement or
pension system only if:
(1) each system is operated on an actuarial basis; and
(2) under each system contributions that are computed to be sufficient
to provide the reserves needed to cover the benefits payable on account of the system's
members are made during the employment of members.
(b) This title does not apply to:
(1) a transfer to the Judges' Retirement System of the State of
Maryland;
(2) a transfer to or from the Legislative Pension Plan of the State of
Maryland except to the extent provided by the Joint Resolution submitted to the
General Assembly by the General Assembly Compensation Commission under Article
III, § 15 of the Maryland Constitution;
(3) a transfer from the Employees' Retirement System of the State of
Maryland to the Employees' Pension System of the State of Maryland on or before
December 31, 2004;
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-2132-
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