Section 26-205 – Regular Interest
(a) Except as provided in subsection (b) of this section, regular interest is payable on member contributions until retirement or withdrawal of accumulated contributions at the rate of: (1) 4% a year, compounded annually, for a member who has transferred from the Employees’ Retirement System on or before December 31, 2004; or (2) 5% a year, compounded annually, […]
Section 26-206 – Termination of Membership
Membership ends if the member: (1) is separated from employment for more than 4 years; (2) withdraws the member’s accumulated contributions; (3) becomes a retiree; or (4) dies.
Section 26-207 – Transfer of Members Between Systems — Law Enforcement Officers’ Pension System
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 Law Enforcement Officers’ Pension System on or after July 1, 2011, the individual: (1) shall be considered to be a new member […]
Section 26-201 – Membership in the Law Enforcement Officers’ Pension System — Scope
(a) Except as provided in subsection (b) of this section, this subtitle applies only to: (1) an employee of the Department of Natural Resources commissioned by the Secretary of Natural Resources as: (i) a Natural Resources police officer; or (ii) a law enforcement officer, other than a Natural Resources police officer; (2) a law enforcement officer employed by: (i) the Field […]
Section 26-202 – Membership as Condition of Employment
(a) Except as provided in subsection (b) of this section, an individual described in § 26–201 of this subtitle is a member of the Law Enforcement Officers’ Pension System as a condition of employment. (b) (1) Subject to paragraph (2) of this subsection, membership in the Law Enforcement Officers’ Pension System is optional for an individual described in […]
Section 26-203 – Continuation of Membership
Membership continues for a member who is: (1) on leave of absence approved by the Board of Trustees; or (2) in military service within the periods specified in Title 38 of this article.
Section 26-203.1 – Transfer of Employer Contributions; Local Pension Fund Transfers
(a) For members who transfer from the Employees’ Pension System or the Employees’ Retirement System, the Board of Trustees shall transfer to the accumulation fund of the Law Enforcement Officers’ Pension System the employer contributions that were made to the Employees’ Retirement System and the Employees’ Pension System on behalf of those members who transferred, plus […]
Section 26-203.2 – Maryland Transit Administration Police Force
(a) This section applies to a member of the Maryland Transit Administration Police Force who: (1) has the powers granted to a police officer under § 7–207 of the Transportation Article; and (2) transfers to the Law Enforcement Officers’ Pension System on or before December 31, 2005. (b) Before the transfer of a member to the Law Enforcement Officers’ […]
Section 26-203.3 – Department of Public Safety and Correctional Services Intelligence and Investigative Division
(a) This section applies to members of the Department of Public Safety and Correctional Services Intelligence and Investigative Division who: (1) have the powers granted to a police officer under § 10–701 of the Correctional Services Article; and (2) transfer to the Law Enforcement Officers’ Pension System on or before December 31, 2007. (b) A member shall deposit in […]
Section 26-203.4 – Warrant Apprehension Unit of Division of Parole and Probation
(a) This section applies to an employee of the Warrant Apprehension Unit, formerly of the Division of Parole and Probation in the Department of Public Safety and Correctional Services, who: (1) had the powers granted to a peace officer or police officer under the former § 6–106 of the Correctional Services Article; and (2) transferred to the Law […]