Section 21-307 – Employer Contributions — Miscellaneous
(a) For a permanent employee of a board of supervisors of elections who is a member of the Employees’ Retirement System or the Employees’ Pension System, the county where the member is employed shall: (1) pay to the Board of Trustees or the Central Payroll Bureau the employer contributions otherwise required to be made by the State […]
Section 21-308 – Employer Contributions — Payment by State
(a) (1) On or before December 1 of each year, the Board of Trustees shall: (i) certify to the Governor and the Secretary of Budget and Management the rates to be used to determine the amounts to be paid by the State to the accumulation fund of each of the several systems during the next fiscal year, including […]
Section 21-309 – Employer Contributions — Payment by Participating Governmental Unit
(a) In this section, “participating governmental unit” includes a county required to pay the employer contribution or part of the employer contribution under § 21-307 of this subtitle. (b) Each year, the Board of Trustees shall certify to the chief fiscal officer of each participating governmental unit: (1) the normal contribution rates, accrued liability contribution rates, special accrued […]
Section 21-309.1 – Employer Contributions — Payment by Local Employers
(a) (1) In this section the following words have the meanings indicated. (2) “Local employee” has the meaning stated in § 21–304 of this subtitle. (3) “Local employer” has the meaning stated in § 21–304 of this subtitle. (b) On or before December 1 of each year, the Board of Trustees shall determine and certify the amounts payable by each […]
Section 21-310 – Employer Contributions — Payment by Maryland Environmental Service
(a) Each year, the Board of Trustees shall certify to the Maryland Environmental Service the State’s normal contribution rate and the State’s accrued liability contribution rate and the amounts payable under § 21–307(f) of this subtitle. (b) (1) The Maryland Environmental Service shall pay to the Board of Trustees the amount of the charges certified to the Maryland […]
Section 21-311 – Annuity Savings Funds
(a) The Board of Trustees shall credit to each member’s individual account in the annuity savings fund of the appropriate State system: (1) the member contributions of the member as provided in this Division II; and (2) regular interest on the accumulated contributions of the member as provided in this Division II. (b) From the annuity savings fund of […]
Section 21-312 – Member Contributions — in General
(a) To determine the earnable compensation of a member in a payroll period, the Board of Trustees may deem that the rate of annual compensation payable to the member on the first day of the payroll period continues throughout the payroll period. (b) The Board of Trustees may omit member contributions for a period less than a […]
Section 21-313 – Member Contributions — Employer Pickup of Member Contributions
(a) In this section, “approved employer” means a participating employer who adopts a resolution and follows procedures as prescribed by the Board of Trustees for an employer pickup program in accordance with § 414(h)(2) of the Internal Revenue Code. (b) The State or other approved employer of a member shall pick up, within the meaning of § […]
Section 21-314 – Member Contributions — Duties of Participating Employers
(a) Each participating employer shall submit to the Board of Trustees a statement that shows the name, date of birth, occupational title, duties, compensation, length of service, and other information that the Board of Trustees requires regarding employees or former employees of the participating employer. (b) Each year the Board of Trustees shall certify the member contribution […]
Section 21-315 – Expense Funds
(a) The Board of Trustees shall credit to the expense fund of each State system its pro rata share of: (1) the amount provided in the annual State budget to pay the administrative and operational expenses of the Board of Trustees and the State Retirement Agency; (2) the amounts authorized by the Board of Trustees under this section […]