(a) Except as provided in subsection (b) of this section, and except as otherwise expressly provided, this title and Titles 21 and 29 of this article apply to each State system. (b) Title 21, Subtitle 4 and Titles 22 through 31 of this article do not apply to the Legislative Pension Plan.
An actuarial equivalent shall be an equivalent amount based on actuarial assumptions adopted by the Board of Trustees.
On retirement, an Executive Branch official, judge, legislator, or other State employee may not receive benefits as a member of more than one State system for the same period of employment as a member.
(a) (1) This subsection applies only to an individual who is a member of: (i) the Employees’ Retirement System; or (ii) the Teachers’ Retirement System. (2) Except as provided in paragraph (3) of this subsection, the average final compensation of a member equals the average annual earnable compensation of the member for: (i) the 3 years of employment as a member […]
(a) This section applies only to an individual who on or before June 30, 2011, is a member of: (1) the Employees’ Pension System; (2) the Local Fire and Police System; (3) the Law Enforcement Officers’ Pension System; or (4) the Teachers’ Pension System. (b) (1) In this subsection, “break in service” means a period of employment in which the member’s employer […]
(a) This section applies only to an individual who on or after July 1, 2011, becomes a member of: (1) the Employees’ Pension System; (2) the Law Enforcement Officers’ Pension System; or (3) the Teachers’ Pension System. (b) (1) In this subsection, “break in service” means a period of employment in which the member’s employer did not: (i) deduct the member contributions […]
(a) In this section, “unused sick leave” means sick leave credit that: (1) has not been used before retirement; and (2) was available to the member to be used as sick leave during employment. (b) This section does not apply to: (1) the Judges’ Retirement System; or (2) the Legislative Pension Plan. (c) Except as provided in subsections (f) and (g) of […]
(a) This section does not apply to an individual who is a member of a State system on or before June 30, 1996. (b) Notwithstanding any other provision of law, for plan years beginning on or after July 1, 1996, the annual compensation that may be taken into account when determining the retirement allowance payable to a […]
(a) Notwithstanding any other provision of law, the Board of Trustees may not pay an allowance that exceeds the limit on benefit accruals established from time to time under § 415 of the Internal Revenue Code. (b) Subject to subsections (c) and (d) of this section, the Agency shall reduce: (1) an allowance to the extent that it […]
(a) In conformity with § 401(a)(8) of the Internal Revenue Code, any forfeiture of benefits by a member or former member of the several systems may not be used by the Board of Trustees to pay benefit increases. (b) Any forfeiture of benefits by a member shall be used to reduce employer contributions.
