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§ 28-204. Contributions by members

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 28. Local Fire and Police System
Subtitle 2. Membership (Refs & Annos)
MD Code, State Personnel and Pensions, § 28-204
§ 28-204. Contributions by members
Currentness
Contribution rate
(a) Except as provided in subsection (b) of this section, a member's contribution rate is 5% of the part of the member's earnable compensation that exceeds the taxable wage base for each year.
Members who have transferred from Employees’ Retirement System
(b) The contribution rate for a member who has transferred from the Employees' Retirement System is 7% of the member's earnable compensation.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.
Formerly Art. 73B, § 10-207.
MD Code, State Personnel and Pensions, § 28-204, MD ST PERS & PENS § 28-204
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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