Section 25-304.1 – Eligibility Service — 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) (1) 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 25-305 – Purchase of Service Credit at Member’s Cost
(a) A member may purchase service credit as provided in subsection (b) of this section for periods of employment for which the member: (1) (i) would have been entitled to purchase service credit under the Employees’ Retirement System; and (ii) is not otherwise entitled to service credit under the Correctional Officers’ Retirement System; or (2) was not vested in the […]
Section 25-306 – Purchase of Service Credit by Payment of Full Cost
(a) A member may purchase service credit as provided in this section for periods of employment described in subsection (c) of this section for which the member is not otherwise entitled to service credit. (b) (1) A member who purchases service credit under this section shall: (i) complete a claim for the service credit and file it with the […]
Section 25-306.1 – Transfer of Service Credit
(a) A member who is a former member of the Employees’ Pension System who was vested but whose membership in the Employees’ Pension System terminated as a result of being laid off for nondisciplinary reasons may transfer service credit for eligibility service to the Correctional Officers’ Retirement System if the member files with the Board of […]
Section 25-307 – Creditable Service
(a) Creditable service on which the allowance of a member is based consists of: (1) eligibility service, except as provided in subsection (b) of this section; and (2) credit for unused sick leave as provided in § 20-206 of this article. (b) A member’s creditable service for a period of regular part-time employment equals the member’s actual employment during […]
Section 25-401 – Normal Service Retirement
(a) A member may retire with a normal service retirement allowance if: (1) on or before the date of retirement, the member: (i) has at least 20 years of eligibility service; (ii) 1. is a correctional case management specialist, supervisor, or manager on or before June 30, 2016; 2. is vested in the Correctional Officers’ Retirement System; and 3. has a combined […]
Section 25-401.1 – Early Service Retirement
(a) This section applies only to a Baltimore City Jail employee who: (1) on or before June 30, 1991, was employed by the City of Baltimore as an employee of the Baltimore City Jail for at least 5 years; and (2) is a member of the Correctional Officers’ Retirement System on or after June 30, 2006. (b) A member […]
Section 25-203.1 – Transfer From Employees’ Pension System or Employees’ Retirement System
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 Correctional Officers’ Retirement System the employer contributions that were made to the Employees’ Pension System or the Employees’ Retirement System on behalf of those members who transferred, plus the […]
Section 25-402 – Retirement After Termination of Membership
(a) This section applies to a former member who: (1) was eligible for a retirement allowance under § 25-401 of this subtitle when the former member’s membership terminated; (2) did not submit a written application under § 25-401 before membership terminated; and (3) has not withdrawn accumulated contributions. (b) (1) A former member described in subsection (a) of this section may […]
Section 25-204 – Regular Interest
(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) No further interest shall be paid on member contributions after membership ends if the former member is not eligible to receive a […]