Maryland Statutes

§ 26-204

Maryland·Article gsp State Personnel and Pensions·Title 26
(a)(1) Except as provided in subsection (b) of this section, a member’s contribution rate is:
(i)4% of the member’s earnable compensation received before July 1, 2011;
(ii)6% of the member’s earnable compensation received from July 1, 2011, to June 30, 2012, both inclusive; and
(iii)7% of the member’s earnable compensation received on or after July 1, 2012.
(2)Notwithstanding paragraph (1) of this subsection, after 32 years and 6 months of service as a member, a member does not make any further contributions.
(b)(1) This subsection applies only to a member who:
(i)transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System on or after January 1, 2001, an

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Nearby Sections

15
§ 26-101
§ 26-101
§ 26-102
§ 26-102
§ 26-201
§ 26-201
§ 26-202
§ 26-202
§ 26-203
§ 26-203
§ 26-203.1
§ 26-203.1
§ 26-203.2
§ 26-203.2
§ 26-203.3
§ 26-203.3
§ 26-203.4
§ 26-203.4
§ 26-204
§ 26-204
§ 26-205
§ 26-205
§ 26-206
§ 26-206
§ 26-206.1
§ 26-206.1
§ 26-207
§ 26-207
§ 26-209
§ 26-209
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