§ 26-204

Maryland § 26-204

• Jurisdiction: Maryland
• Article gsp: State Personnel and Pensions
• Title: 26

Text

(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, and on or before December 31, 2004; or

(ii) 1. transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System on or before December 31, 2000; and

2. did not elect to participate in the Law Enforcement Officers’ Modified Pension Benefit on or before December 31, 2000, as provided in § 26–211 of this subtitle.

(2) The contribution rate for a member who has transferred from the Employees’ Retirement System is the rate set under:

(i) Section 22–214(a) of this article, for a member who had elected Selection A (Additional member contributions) under § 22–219 of this article; or

(ii) Section 22–214(b) of this article, for a member who had elected Selection B (Limited cost–of–living adjustment) under § 22–220 of this article.