§ 26-307

Maryland § 26-307

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

Text

(a) (1) In the year of retirement, a member may purchase service credit for eligibility service of up to 10 years for periods of employment for which the member:

(i) would have been entitled to purchase the service credit under the Employees’ Pension System; and

(ii) is not otherwise entitled to service credit under the Law Enforcement Officers’ Pension System.

(2) To purchase service credit under this section, a member must:

(i) complete a claim for the service credit and file it with the Board of Trustees on the form that the Board of Trustees provides; and

(ii) pay to the Board of Trustees an amount equal to the annuity reserve and pension reserve required to fund the additional allowance.

(b) (1) A member may purchase credit for eligibility service for previous service in a position described in § 23-204(a) of this article.

(2) To purchase the service credit, the member must pay, in a single payment, the contributions, with interest, that the Board of Trustees considers appropriate.