§ 29-303. Vested allowances for members of Employees’, Law Enforcement Officers’, and Teachers’...
West's Annotated Code of MarylandState Personnel and PensionsEffective: June 1, 2021
Effective: June 1, 2021
MD Code, State Personnel and Pensions, § 29-303
§ 29-303. Vested allowances for members of Employees’, Law Enforcement Officers’, and Teachers’ Pension Systems; Local Fire and Police System
(a) This section applies only to members of:
(b)(1) This subsection applies to an individual who is a member on or before June 30, 2011.
(b-1)(1) This subsection applies to an individual who becomes a member on or after July 1, 2011.
(c)(1) Except as provided in subsections (e) through (i) of this section, a vested allowance:
(d) If a member of the Employees' Pension System or the Teachers' Pension System separated from employment on or before June 30, 1990, unused sick leave reported by the member's employer at the time of separation from employment is creditable service for computing the vested allowance.
(e) Except as provided in subsection (f) of this section, a former member of the Employees' Pension System or the Teachers' Pension System who has separated from employment before the age of 55 with at least 15 years of eligibility service is eligible to receive a vested allowance that:
(f)(1) The vested allowance of a former member of the Employees' Pension System or the Teachers' Pension System who separates from employment on or before June 30, 1998:
(g)(1) Except as provided in subsection (h) of this section and subject to subsection (i) of this section, the vested allowance of a former member of the Law Enforcement Officers' Pension System who separates from employment on or before June 30, 2000:
(h)(1) This subsection applies only to a former member of the Law Enforcement Officers' Pension System who:
(i)(1) This paragraph applies only to a former member who is:
(j)(1) If a former member who elected a vested allowance requests the return of accumulated contributions before payment of the vested allowance begins, the Board of Trustees shall return the accumulated contributions to the former member.
Credits
Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1996, c. 438, § 3, eff. July 1, 1996; Acts 1998, c. 530, § 2, eff. July 1, 1998; Acts 2000, c. 395, § 2, eff. July 1, 2000; Acts 2000, c. 396, § 1, eff. July 1, 2000; Acts 2007, c. 337, § 1, eff. July 1, 2007; Acts 2010, c. 696, § 1, eff. July 1, 2010; Acts 2011, c. 397, § 1, eff. June 1, 2011; Acts 2014, c. 304, § 1, eff. July 1, 2014; Acts 2015, c. 22, § 1, eff. April 14, 2015; Acts 2020, c. 387, § 1, eff. July 1, 2020; Acts 2020, c. 388, § 1, eff. July 1, 2020; Acts 2021, c. 216, § 1, eff. June 1, 2021.
Formerly Art. 73B, §§ 4-415, 5-414, 8-409, 10-225.
MD Code, State Personnel and Pensions, § 29-303, MD ST PERS & PENS § 29-303
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 |