§ 28-402. Reemployment of retiree
West's Annotated Code of MarylandState Personnel and PensionsEffective: April 14, 2015
Effective: April 14, 2015
MD Code, State Personnel and Pensions, § 28-402
§ 28-402. Reemployment of retiree
(a) Except as provided in subsection (g) of this section, an individual who is receiving a service retirement allowance or vested allowance may accept employment with a participating employer on a permanent, temporary, or contractual basis, without any reduction in the allowance, if:
(b)(1) The Board of Trustees shall reduce the allowance of an individual who accepts employment as provided under subsection (a) of this section if the individual's current employer is a participating employer other than the State and is the same participating employer that employed the individual at the time of the individual's last separation from employment with a participating employer before the individual commenced receiving a service retirement allowance or vested allowance.
(c) An individual who is receiving a service retirement allowance or a vested allowance and who is reemployed by a participating employer may not receive creditable service or eligibility service during the period of reemployment.
(d) The individual's compensation during the period of reemployment may not be subject to the employer pickup provisions of § 21-303 of this article or any reduction or deduction as a member contribution for pension or retirement purposes.
(e) The State Retirement Agency shall institute appropriate reporting procedures with the affected payroll systems to ensure compliance with this section.
(f)(1) Immediately on the employment of any individual receiving a service retirement allowance or a vested allowance, a participating employer shall notify the State Retirement Agency of the type of employment and the anticipated earnings of the individual.
(2) At least once each year, in a format specified by the State Retirement Agency, each participating employer shall provide the State Retirement Agency with a list of all employees included on any payroll of the employer, the Social Security numbers of the employees, and their earnings for that year.
Credits
Added by Acts 1996, c. 618, § 2, eff. July 1, 1996. Amended by Acts 1998, c. 779, § 1, eff. July 1, 1998; Acts 2003, c. 211, § 1, eff. July 1, 2003; Acts 2005, c. 493, § 1, eff. July 1, 2005; Acts 2006, c. 618, § 1, eff. July 1, 2006; Acts 2013, c. 479, § 1, eff. July 1, 2013; Acts 2013, c. 480, § 1, eff. July 1, 2013; Acts 2014, c. 304, § 1, eff. July 1, 2014; Acts 2015, c. 21, § 1, eff. April 14, 2015.
MD Code, State Personnel and Pensions, § 28-402, MD ST PERS & PENS § 28-402
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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