Section 23-213 – Contributions by Members — Regular Interest
(a) Except as provided in subsection (b) of this section, regular interest is payable on member contributions at the rate of 5% per year compounded annually until retirement or withdrawal of contributions and interest. (b) Except as provided in subsection (c) of this section, no further interest shall be paid on member contributions after membership ends if […]
Section 23-214 – Employment by Private Contractors
(a) This section applies to an individual who is: (1) a member of the Teachers’ Pension System; (2) an employee of the Baltimore City Board of School Commissioners or another county board of education; and (3) hired by a third party contractor to work in a school that is reconstituted by order of the Maryland State Board of Education. […]
Section 23-215 – Termination of Membership
(a) Except as provided in § 23–215.1 of this subtitle, membership ends if the member: (1) is separated from employment for more than 4 years; (2) is separated from employment, and rehired into a position that requires enrollment in a part of the Employees’ Pension System or the Teachers’ Pension System that is subject to a different rate […]
Section 23-215.1 – Member Subject to Alternate Contributory Pension Selection Prior to June 30, 2011 — Effect of Rehiring on or Before June 30, 2016
(a) This section applies to a member who: (1) on or before June 30, 2011, is subject to the Alternate Contributory Pension Selection; (2) (i) is separated from employment for 4 years or less; (ii) 1. is separated from employment for military service that meets the requirements of the federal Uniformed Services Employment and Reemployment Rights Act; and 2. resumes employment within […]
Section 23-215.2 – Transfer of Members Between Systems — Employees’ Pension or Teachers’ Pension
If an individual was a member of any one of the several systems on June 30, 2011, and without incurring a break in employment of more than 30 days, becomes a member of the Employees’ Pension System or the Teachers’ Pension System on or after July 1, 2011, the individual: (1) shall be considered to be […]
Section 23-203 – Membership in the Employees’ Pension System — as a Condition of Employment
Except as provided in § 23-204 of this subtitle, an individual described in § 23-201(a) of this subtitle who becomes an employee of a participating employer on or after January 1, 1980, or who transfers membership from the Employees’ Retirement System, is a member of the Employees’ Pension System as a condition of employment.
Section 23-204 – Membership in the Employees’ Pension System — Optional Membership
(a) (1) Membership in the Employees’ Pension System is optional for an individual who is: (i) an official, elected or appointed for a fixed term; (ii) an employee of the Governor’s office; (iii) an employee of the Senate or House of Delegates; (iv) a member of the Prince George’s County Board of License Commissioners; (v) an employee of Dorchester County who is […]
Section 23-205 – Membership in the Employees’ Pension System — Determination by Board of Trustees
If eligibility of an individual for membership in the Employees’ Pension System is unclear, the Board of Trustees shall determine whether the individual is a member without regard to the method of payment of the individual’s compensation.
Section 23-206 – Membership in the Teachers’ Pension System — Scope
(a) Except as provided in subsection (b) of this section, §§ 23-208 through 23-210 of this subtitle apply only to: (1) an employee of a day school in the State under the authority and supervision of a county board of education or the Baltimore City Board of School Commissioners, employed as: (i) a clerk; (ii) a helping teacher; (iii) a […]
Section 23-208 – Membership in the Teachers’ Pension System — as a Condition of Employment
Except as provided in § 23-209 of this subtitle, an individual described in § 23-206(a) of this subtitle who becomes employed by a participating employer on or after January 1, 1980, or who transfers membership from the Teachers’ Retirement System, is a member of the Teachers’ Pension System as a condition of employment.