§ 23-214. Members hired by third party contractors
West's Annotated Code of MarylandState Personnel and Pensions
MD Code, State Personnel and Pensions, § 23-214
§ 23-214. Members hired by third party contractors
(a) This section applies to an individual who is:
(b) An individual who is hired by a third party contractor may withdraw the member's accumulated contributions, within the meaning of § 20-101(b) of this article, at any time while the individual is employed by the third party contractor to work in a school that is reconstituted by order of the Maryland State Board of Education.
(c) An individual who is hired by a third party contractor and subsequently becomes employed by the Baltimore City Board of School Commissioners or another county board of education at any time while the order of reconstitution is in effect and on termination of the contract with the third party contractor:
(4) shall redeposit any of the amounts withdrawn under subsection (b) of this section with regular interest to the date of redeposit or, on retirement, the individual's retirement allowance shall be reduced by the actuarial equivalent of the accumulated contributions withdrawn with regular interest to the date of retirement.
(d) Except as provided in subsection (e) of this section, at any time before retirement, an individual may purchase service credit for a period of employment by a third party contractor to work in a school that is reconstituted by order of the Maryland State Board of Education if the individual:
Credits
Added by Acts 2000, c. 688, § 1, eff. July 1, 2000. Amended by Acts 2001, c. 29, § 1, eff. April 10, 2001; Acts 2003, c. 21, § 1, eff. April 8, 2003.
Formerly Art. 73B, §§ 4-203, 5-203.
MD Code, State Personnel and Pensions, § 23-214, MD ST PERS & PENS § 23-214
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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