Section 27-202 – Contributions by Members
(a) Except as provided in subsection (b) of this section, a member’s contribution rate is 8% of the member’s earnable compensation. (b) After 16 years of service as a member, a member does not make any further contributions.
Section 27-203 – Regular Interest; Exception
(a) Except as provided in subsection (b) of this section, regular interest is payable on member contributions at the rate of 4% a year compounded annually, until retirement or withdrawal of the accumulated contributions. (b) (1) This subsection applies only to an individual who becomes a member of the Judges’ Retirement System on or after July 1, 2012. […]
Section 27-204 – Ending Membership; Termination of Rights in System
(a) 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. (b) A former member who withdraws accumulated contributions does not have further rights under the Judges’ Retirement System.
Section 27-301 – Types
A member is entitled to service credit: (1) for service as a member; (2) regained under § 27-302 of this subtitle by a member who redeposits accumulated contributions previously withdrawn; (3) for prior service as provided in § 27-303 of this subtitle; (4) for military service as provided in Title 38 of this article; or (5) purchased under § 27-304 […]
Section 27-302 – Redeposit of Accumulated Contributions
A member who, on a prior termination of service, withdrew accumulated contributions from the Judges’ Retirement System may receive service credit for the period of service during the previous membership if, within 1 year after the member’s restoration of membership, the member redeposits in a single payment the withdrawn accumulated contributions plus regular interest to […]
Section 27-101 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Termination of service” includes: (1) retirement at the age required by Article IV, § 3 of the Maryland Constitution; (2) voluntary retirement; (3) resignation because of disability; (4) retirement by order of the Court of Appeals; (5) resignation; (6) nonelection or nonconfirmation when election or confirmation is required; (7) expiration of term […]
Section 27-102 – Scope of Title
This title applies only to the Judges’ Retirement System.
Section 27-103 – Construction of Title
This title does not impair or reduce any benefit that a former member or retiree or a spouse of a member, former member, or retiree has been or would be entitled to receive under any public general law.