Home Table of Contents

§ 29-113. Retirement allowance adjustments for disability retirees or beneficiaries

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, § 29-113
§ 29-113. Retirement allowance adjustments for disability retirees or beneficiaries
Currentness
In general
(a) Subject to subsection (b) of this section, a disability retiree of the State Police Retirement System, or a beneficiary of a disability retiree of the State Police Retirement System, who retires on or before June 30, 1999 with an ordinary or special disability retirement allowance under § 29-107 or § 29-111 of this subtitle, shall receive an annual retirement allowance adjustment as of July 1, 1999, as follows:
(1) for a retiree who has been retired not more than 5 years, $1,200;
(2) for a retiree who has been retired more than 5 years but not more than 10 years, $1,500;
(3) for a retiree who has been retired more than 10 years but not more than 15 years, $1,800; and
(4) for a retiree who has been retired more than 15 years, $2,100.
Computation of adjustment
(b) Each fiscal year, the Board of Trustees shall increase the adjustment received by the retiree or the beneficiary as of July 1, 1999, by multiplying the adjustment by a fraction that has:
(1) as its numerator, the Consumer Price Index for the calendar year ending December 31 of the preceding fiscal year; and
(2) as its denominator, the Consumer Price Index for the calendar year ending December 31, 1998.

Credits

Added by Acts 1999, c. 122, § 1, eff. July 1, 1999; Acts 1999, c. 123, § 1, eff. July 1, 1999.
MD Code, State Personnel and Pensions, § 29-113, MD ST PERS & PENS § 29-113
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