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§ 29-106. Computation of allowance for Employees', Teachers', and Correctional Officers...

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 29. Benefits Other than Service Retirement Benefits
Subtitle 1. Disability Benefits (Refs & Annos)
MD Code, State Personnel and Pensions, § 29-106
§ 29-106. Computation of allowance for Employees', Teachers', and Correctional Officers' Retirement Systems
Currentness
Application of section
(a) This section applies only to members of:
(1) the Correctional Officers' Retirement System;
(2) the Employees' Retirement System; and
(3) the Teachers' Retirement System.
Ordinary disability retirement allowance
(b) An ordinary disability retirement allowance equals the greater of:
(1) a normal service retirement allowance; or
(2) the amount computed under subsection (c) or (d) of this section.
Members at normal retirement age
(c) If a member is at least normal retirement age, the amount to be used under subsection (b)(2) of this section is 25% of the member's average final compensation.
Members under normal retirement age
(d) If a member is under normal retirement age, the amount to be used under subsection (b)(2) of this section is the lesser of:
(1) 25% of the member's average final compensation; or
(2) the normal service retirement allowance that is computed by using:
(i) the number of years of creditable service that the member would have received if the member continued employment until normal retirement age; and
(ii) an average final compensation that the member would have received if the member continued employment without a change in earnable compensation.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.
Formerly Art. 73B, §§ 2-404, 3-404, 4-404, 7-404.
MD Code, State Personnel and Pensions, § 29-106, MD ST PERS & PENS § 29-106
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.
End of Document