Section 28-306.1 – Purchase by Member Separated From Employment Prohibited; Leave of Absence Exception
(a) Except as provided in subsection (b) of this section, a member may not purchase service credit under this title if the member is separated from employment. (b) A member who is separated from employment may purchase service credit under this title for a leave of absence approved by the Board of Trustees under regulations that apply […]
Section 29-111 – Special Disability Retirement — State Police Retirement System
(a) This section applies to the State Police Retirement System. (b) Except as provided in § 24–401.1(k) of this article, the Board of Trustees shall grant a special disability retirement allowance to a member if: (1) the member is totally and permanently incapacitated for duty arising out of or in the course of the actual performance of duty […]
Section 28-307 – Purchase of Service Credit
(a) (1) In the year of retirement, a member may purchase service credit for eligibility service of up to 10 years for periods of employment for which the member: (i) would have been entitled to purchase service credit under the Employees’ Pension System; and (ii) is not otherwise entitled to service credit under the Local Fire and Police System. […]
Section 28-308 – Creditable Service
(a) For the purpose of computing benefits under this title, creditable service consists of: (1) eligibility service as adjusted under subsection (b) of this section; and (2) credit for unused sick leave as provided in § 20-206 of this article. (b) (1) This subsection does not apply to eligibility service that consists of: (i) service credit transferred from another retirement or […]
Section 28-401 – Service Retirement
(a) (1) Subject to paragraphs (2) and (3) of this subsection, a member may retire with a normal service retirement allowance if, on or before the date of retirement, the member: (i) has at least 25 years of eligibility service; (ii) is at least 62 years old; or (iii) is at least 60 years old and has transferred to the […]
Section 28-402 – Reemployment of Retired Individual
(a) Except as provided in subsection (g) of this section, an individual who is receiving a service retirement allowance or vested allowance may accept employment with a participating employer on a permanent, temporary, or contractual basis, without any reduction in the allowance, if: (1) the individual immediately notifies the Board of Trustees of the individual’s intention to […]
Section 28-202 – General Consideration
(a) Except as provided in subsection (b) of this section, an individual described in § 28-201 of this subtitle is a member of the Local Fire and Police System as a condition of employment. (b) Membership in the Local Fire and Police System is optional for an individual who was employed by a participating governmental unit on […]
Section 28-203 – Continuation of Membership
Membership continues for a member who is: (1) on a leave of absence approved by the Board of Trustees; or (2) in the military service within the periods specified in Title 38 of this article.
Section 28-204 – Contributions by Members
(a) Except as provided in subsection (b) of this section, a member’s contribution rate is 5% of the part of the member’s earnable compensation that exceeds the taxable wage base for each year. (b) The contribution rate for a member who has transferred from the Employees’ Retirement System is 7% of the member’s earnable compensation.
Section 28-205 – 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; or (2) 5% a year, compounded annually, for each other member. (b) No further […]