Section 39-102 – Creation of a Special Retirement or Pension System by County
(a) A county may not create a special retirement or pension system that allows the system’s benefits to be set or amended by a means other than by ordinance enacted by the governing body of the county. (b) On or after February 1, 1996, a county may create a special retirement or pension system if the system […]
Section 39-103 – System Allowing Benefits to Be Set or Amended by Means Other Than Ordinance
If a county has created a special retirement or pension system that allows or has allowed the system’s benefits to be set or amended by a means other than by ordinance enacted by the governing body of the county, on or before January 31, 1996, the governing body of the county shall: (1) (i) modify the system […]
Section 39-104 – Termination of a System
(a) If a special retirement or pension system is terminated, the governing body of the county shall provide, by ordinance, for a distribution of the assets of the system in an equitable and nondiscriminatory manner to the system’s members, former members, retirees, and beneficiaries to the extent they would be eligible to receive a benefit under […]
Section 40-101 – Local Pension Systems
(a) In this section, “local jurisdiction” means any county or municipal corporation in the State. (b) (1) Subject to any other provision of State or federal law, a local jurisdiction that establishes a public pension system on or after July 1, 2005, is required to adhere to the principles incorporated in the Uniform Management of Public Employee Retirement […]
Section 37-203.1 – Transfer of Service Credit
(a) (1) An individual may transfer service credit from a contributory system to the State Alternate Contributory Employees’ Pension System, the State Alternate Contributory Teachers’ Pension System, the State Contributory Employees’ Pension System, the State Contributory Law Enforcement Officers’ Pension System, the State Contributory Teachers’ Pension System, the State Reformed Contributory Employees’ Pension System, or the State […]
Section 37-203.2 – Transfer of Service Credit — Waiver of One-Year Requirement
(a) This subsection applies to an individual who: (1) has accrued service credit in a State or local retirement or pension system; (2) has accepted new employment in a position requiring membership in one of the several systems; and (3) did not make a claim under § 37–203 or § 37–203.1 of this subtitle to transfer the previous service […]
Section 37-204 – Transfer to Police Department or Fire Department System
(a) If a member of a State or local retirement or pension system transfers on or after July 1, 1990, to a State or local retirement or pension system for a police department or fire department, the plans, rules, regulations, guidelines, and policies of the new system govern to determine: (1) the years of service necessary to […]
Section 37-205 – Involuntary Transfers of Employment
(a) If a member of a State or local retirement or pension system transfers to another State or local retirement or pension system because of an involuntary transfer of the member’s unit to another employer, all the employer contributions on behalf of the member and interest on those contributions shall be transferred to the new system. […]
Section 37-206 – Transfer of Employees of Certain Agencies
(a) (1) If a member of a State or local retirement or pension system who is employed by the Maryland-National Capital Park and Planning Commission transfers to another retirement or pension system of Prince George’s County as a result of the transfer of a unit of the Maryland-National Capital Park and Planning Commission police force to the […]
Section 38-101 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Accumulated contributions”: (1) when used in relation to a State system, has the meaning stated in § 20-101 of this article; and (2) when used in relation to a local retirement or pension system, has the meaning most closely analogous to the meaning stated in § 20-101 […]