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Ch. 446
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2007 Laws of Maryland
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(C) COMPENSATION PAID TO A COVERED EMPLOYEE UNDER THIS PART
V OF THIS SUBTITLE IS SUBJECT TO AN ANNUAL COST OF LIVING ADJUSTMENT
IF THE EMPLOYER, COUNTY, OR MUNICIPAL CORPORATION CHOOSES TO
PROVIDE AN ADJUSTMENT.
(D) ON OR BEFORE JUNE 30 OF EACH YEAR, THE DEPARTMENT OF
BUSINESS AND ECONOMIC DEVELOPMENT SHALL DETERMINE AND REPORT TO
THE COMMISSION THE RATE OF CHANGE IN THE CONSUMER PRICE INDEX IN
THE PRECEDING CALENDAR YEAR, USING AS THE CONSUMER PRICE INDEX THE
LOWER OF:
(1) THE CONSUMER PRICE INDEX (ALL URBAN CONSUMERS, ALL
ITEM INDEX) PUBLISHED BY THE UNITED STATES DEPARTMENT OF LABOR FOR
THE WASHINGTON, D.C.-BALTIMORE CMSA; OR
(2) THE UNITED STATES CITY AVERAGE CONSUMER PRICE INDEX
(ALL URBAN CONSUMERS, ALL ITEM INDEX).
(E) ON OR BEFORE JULY 31 OF EACH YEAR, THE COMMISSION SHALL
PUBLISH THE AMOUNT OF THE COST OF LIVING ADJUSTMENT THAT SHALL
BECOME EFFECTIVE ON JANUARY 1 OF THE FOLLOWING YEAR.
(F) THE COMPENSATION PAYABLE TO A COVERED EMPLOYEE UNDER
THIS PART V OF THIS SUBTITLE MAY BE ADJUSTED BY:
(1) MULTIPLYING THE INITIAL RATE OF COMPENSATION BY THE
COST OF LIVING ADJUSTMENT; AND
(2) ADDING THE PRODUCT TO THE COMPENSATION, AS
ADJUSTED, PAID DURING THE PRIOR YEAR.
(G) (1) IF A COVERED EMPLOYEE WHO IS ENTITLED TO
COMPENSATION UNDER THIS PART V OF THIS SUBTITLE ALSO RECEIVES
FEDERAL SOCIAL SECURITY DISABILITY INSURANCE BENEFITS, THE ADJUSTED
ANNUAL COMPENSATION PAID SHALL BE REDUCED TO THE EXTENT NECESSARY
TO AVOID A DIMUNITION OF THE FEDERAL SOCIAL SECURITY DISABILITY
INSURANCE BENEFITS.
(2) IF FEDERAL SOCIAL SECURITY LAW ON DISABILITY
INSURANCE BENEFITS NO LONGER IMPOSES A DIMINUTION IN THE PAYMENT OF
THE ADJUSTMENT IN COMPENSATION, PAYMENTS OF COMPENSATION SHALL BE
MADE TO THE FULL EXTENT ALLOWED UNDER THIS SECTION.
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- 2672 -
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