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§ 24-205. Contributions by members

West's Annotated Code of MarylandState Personnel and PensionsEffective: July 1, 2020

West's Annotated Code of Maryland
State Personnel and Pensions (Refs & Annos)
Division II. Pensions [Titles 20-34] (Refs & Annos)
Title 24. State Police Retirement System
Subtitle 2. Membership (Refs & Annos)
Effective: July 1, 2020
MD Code, State Personnel and Pensions, § 24-205
§ 24-205. Contributions by members
Currentness
In general
(a) Except as provided in subsection (b) of this section, a member's contribution rate is 8% of the member's earnable compensation.
Further contributions after 28 years of service
(b) After 28 years of service as a member, a member does not make any further contributions.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1999, c. 122, § 1, eff. July 1, 1999; Acts 1999, c. 123, § 1, eff. July 1, 1999; Acts 2020, c. 265, § 1, eff. July 1, 2020; Acts 2020, c. 266, § 1, eff. July 1, 2020.
Formerly Art. 73B, § 6-202.
MD Code, State Personnel and Pensions, § 24-205, MD ST PERS & PENS § 24-205
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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