Maryland Statutes

§ 23-212

Maryland·Article gsp State Personnel and Pensions·Title 23
(a)Except as otherwise provided in 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 of a member who is subject to the contributory pension benefit under Part II of this subtitle is 2% of the member’s earnable compensation.
(c)The contribution rate of a member who is subject to the Alternate Contributory Pension Selection under Part III of this subtitle is:
(1)3% of the member’s earnable compensation received from July 1, 2006 to June 30, 2007, both inclusive;
(2)4% of the member’s earnable compensation received from July 1, 2007 to June 30, 2008, both inclusive;
(3)5% of the member’s earnable compensation r

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Nearby Sections

15
§ 23-101
§ 23-101
§ 23-201
§ 23-201
§ 23-202.1
§ 23-202.1
§ 23-203
§ 23-203
§ 23-204
§ 23-204
§ 23-205
§ 23-205
§ 23-206
§ 23-206
§ 23-208
§ 23-208
§ 23-209
§ 23-209
§ 23-210
§ 23-210
§ 23-211
§ 23-211
§ 23-212
§ 23-212
§ 23-213
§ 23-213
§ 23-214
§ 23-214
§ 23-215
§ 23-215
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