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§ 29-305. Immediate vesting rights for constitutional 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 3. Deferred Vested Benefits (Refs & Annos)
MD Code, State Personnel and Pensions, § 29-305
§ 29-305. Immediate vesting rights for constitutional officers
Currentness
Constitutional officer defined
(a) In this section, “constitutional officer” means:
(1) the Attorney General of the State;
(2) the Comptroller of the State;
(3) the Lieutenant Governor of the State;
(4) the Secretary of State; or
(5) the Treasurer of the State.
Immediate vesting rights
(b)(1) A constitutional officer who is a member of the Employees' Pension System:
(i) on taking office, has immediate vesting rights in the Employees' Pension System; and
(ii) except as provided in paragraph (2) of this subsection, is entitled to a retirement allowance as provided in Title 23, Subtitle 4 of this article.
(2) The retirement allowance of a constitutional officer who serves at least one full term may not be less than 10% of the annual salary received during the constitutional officer's last term.

Credits

Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.
Formerly Art. 73B, § 4-415.
MD Code, State Personnel and Pensions, § 29-305, MD ST PERS & PENS § 29-305
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