|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
S.B. 304
|
|
|
|
|
Martin O'Malley, Governor
|
|
|
|
|
|
|
|
|
|
|
(d) (1) Subject to paragraph (2)(i) of this subsection, a member of a State
or local retirement or pension system shall receive service credit for a period of
absence from employment while in military service if:
(i) the employment of the member under subsection (a)(2) of
this section is active or the employee is reinstated as a regular employee on a leave of
absence; and
(ii) membership in a State or local retirement or pension system
is a requirement of employment.
(2) (i) For an absence for military service on or after January 1,
1946, service credit for the military service may not exceed 5 years.
(ii) 1. This subparagraph applies only to a member of a
State system.
2. Subject to subparagraph (i) of this paragraph and in
addition to any service credit received under paragraph (1) of this subsection, a
member of the Maryland National Guard who has been activated under Title 10 of the
United States Code, shall receive service credit at the rate of 4 months for each full
year for military service, not to exceed a total of 36 months.
(e) A member of a State or local retirement or pension system who receives
service credit for military service under this section may transfer the credit to another
State or local retirement or pension system.
(F) THE SERVICE CREDIT FOR MILITARY SERVICE THAT A MEMBER OF A
STATE SYSTEM RECEIVES UNDER THIS SECTION SHALL BE APPLIED TO THE
INDIVIDUAL'S RETIREMENT ALLOWANCE USING THE ACCRUAL RATE AT THE
TIME THE INDIVIDUAL RETIRES FROM A STATE SYSTEM.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2007.
|
|
|
|
|
|
|
|
May 17, 2007
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis, MD 21401
|
|
|
|
|
|
|
|
- 4201 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
![clear space](../../../images/clear.gif) |