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Martin O'Malley, Governor
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S.B. 668
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(4) Except for an individual whose allowance is subject to a reduction
as provided under paragraphs (1)(iii) and (3) of this subsection, the reduction of an
allowance under this subsection does not apply to:
(i) an individual whose average final compensation was less
than $10,000 and who is reemployed on a temporary or contractual basis;
(ii) an individual who is serving in an elected position as an
official of a participating governmental unit or as a constitutional officer for a county
that is a participating governmental unit;
(iii) an individual who has been retired for 9 years, beginning on
January 1 after the date the individual retires;
(iv) a retiree of the Teachers' Pension System who:
1. is or has been certified to teach in the State;
2. has verification of satisfactory or better performance
in the last assignment prior to retirement;
3. based on the retired teacher's qualifications, has been
appointed in accordance with § 4-103 of the Education Article; and
4. receives verification of satisfactory or better
performance each year the teacher is employed under paragraph (5) of this subsection;
(v) a retiree of the Teachers' Pension System who:
1. A. was employed as a principal within 5 years of
retirement; or
B. was employed as a principal not more than 10 years
before retirement and was employed in a position supervising principals in the
retiree's last assignment prior to retirement;
2. has verification of satisfactory performance for each
year as a principal and, if applicable, in a position supervising principals prior to
retirement;
3. based on the retiree's qualifications, has been hired as
a principal; and
4. receives verification of satisfactory performance each
year the retiree is employed as a principal under paragraph (6) of this subsection; or
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- 4421 -
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