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Ch. 337
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Martin O'Malley, Governor
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(4) a transfer from the Teachers' Retirement System of the State of
Maryland to the Teachers' Pension System of the State of Maryland on or before
December 31, 2004;
(5) a transfer between the Employees' Retirement System of the State
of Maryland and the Teachers' Retirement System of the State of Maryland;
(6) a transfer between the Employees' Pension System of the State of
Maryland and the Teachers' Pension System of the State of Maryland if the [member
is not] MEMBER:
(I) IS subject to the [contributory] NONCONTRIBUTORY
pension benefit [under Title 23, Subtitle 2, Part II of this article] in BOTH the
previous and current system; [or
(7) a transfer between the Employees' Pension System of the State of
Maryland and the Teachers' Pension System of the State of Maryland if the member]
(II) is subject to the contributory pension benefit under Title 23,
Subtitle 2, Part II of this article in BOTH the previous and current system; OR
(III) IS SUBJECT TO THE ALTERNATE CONTRIBUTORY
PENSION SELECTION UNDER TITLE 23, SUBTITLE 2, PART III OF THIS ARTICLE
IN BOTH THE PREVIOUS AND CURRENT SYSTEM.
37-203.
(a) This section does not apply to a transfer of service credit to or from the
STATE ALTERNATE CONTRIBUTORY EMPLOYEES' PENSION SYSTEM, THE
STATE ALTERNATE CONTRIBUTORY TEACHERS' PENSION SYSTEM, State
Contributory Employees' Pension System, the State Contributory Law Enforcement
Officers' Pension System, or the State Contributory Teachers' Pension System.
(f) (1) Except as otherwise provided in this subsection, after an individual
transfers service credit to a new system under this title, the individual:
(i) shall pay the rate of contribution applicable to a member of
the new system; and
(ii) is eligible for a pension and annuity as provided under the
new system, determined by taking into account the transferred service credit.
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-2133-
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