§ 31-302. Withdrawal from participation in a State system
West's Annotated Code of MarylandState Personnel and PensionsEffective: July 1, 2017
Effective: July 1, 2017
MD Code, State Personnel and Pensions, § 31-302
§ 31-302. Withdrawal from participation in a State system
(a) Subject to subsection (b) of this section, the legislative body of a participating governmental unit may withdraw from participation in a State system and transfer to a local pension system or another State system any of the following groups of employees of the governmental unit who consent to the withdrawal, and who qualify for membership in the State system or local pension system:
(b) A participating governmental unit may withdraw from participation in a State system only if:
(1) the new State system or local pension system of the participating governmental unit requires member contributions at the same rate as the member contribution rate applicable to employees of the participating governmental unit in the State system from which the participating governmental unit is withdrawing; or
Credits
Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1998, c. 494, § 1, eff. Oct. 1, 1998; Acts 2005, c. 238, § 1, eff. June 1, 2005; Acts 2006, c. 258, § 1, eff. July 1, 2006; Acts 2010, c. 580, § 2, eff. July 1, 2010; Acts 2017, c. 271, § 1, eff. July 1, 2017; Acts 2017, c. 272, § 1, eff. July 1, 2017.
Formerly Art. 73B, §§ 10-106, 10-229.
MD Code, State Personnel and Pensions, § 31-302, MD ST PERS & PENS § 31-302
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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