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§ 20-207. Determination of retirement allowance

West's Annotated Code of MarylandState Personnel and Pensions

West's Annotated Code of Maryland
State Personnel and Pensions (Refs & Annos)
Division II. Pensions [Titles 20-34] (Refs & Annos)
Title 20. Definitions and General Provisions
Subtitle 2. General Provisions (Refs & Annos)
MD Code, State Personnel and Pensions, § 20-207
§ 20-207. Determination of retirement allowance
Currentness
Application of section
(a) This section does not apply to an individual who is a member of a State system on or before June 30, 1996.
Annual compensation used to determine retirement allowance
(b) Notwithstanding any other provision of law, for plan years beginning on or after July 1, 1996, the annual compensation that may be taken into account when determining the retirement allowance payable to a member of a State system, may not exceed the compensation limit under § 401(a)(17)(B) of the Internal Revenue Code and regulations adopted thereunder.

Credits

Added by Acts 1996, c. 608, § 1, eff. June 30, 1996. Amended by Acts 2002, c. 375, § 1, eff. May 6, 2002.
MD Code, State Personnel and Pensions, § 20-207, MD ST PERS & PENS § 20-207
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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