Section 24-201 – Membership in the State Police Retirement System — Scope
This subtitle applies only to: (1) a police employee as defined in § 2-101 of the Public Safety Article; and (2) a Maryland State Police cadet.
Section 24-202 – Membership as a Condition of Employment
An individual described in § 24–201 of this subtitle is a member of the State Police Retirement System as a condition of employment.
Section 24-203 – Membership for Secretary of State Police
The Secretary of State Police is a member of the State Police Retirement System as a condition of employment.
Section 24-204 – Determination by the Board of Trustees
If eligibility of an individual for membership is unclear, the Board of Trustees shall determine whether the individual is a member of the State Police Retirement System.
Section 24-205 – 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 28 years of service as a member, a member does not make any further contributions.
Section 24-206 – 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 […]
Section 24-207 – 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; (4) dies; or (5) elects to participate in the Deferred Retirement Option Program established under § 24-401.1 of this title.
Section 24-208 – Transfer of Members Between Systems — State Police Retirement 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 State Police Retirement System on or after July 1, 2011, the individual: (1) shall be considered to be a new member of […]