Public-domain · open source
OpenJurist

Md. Code Ann., State Pers. & Pens. § 25-401

Showing this section's text as in effect on January 1, 2019 (in force January 1, 2019 – January 1, 2021). View current text →

(a) A member may retire with a normal service retirement allowance if:

(1) on or before the date of retirement, the member:

(i) has at least 20 years of eligibility service;

(ii) 1. is a correctional case management specialist, supervisor, or manager on or before June 30, 2016;

2. is vested in the Correctional Officers’ Retirement System; and

3. has a combined total of at least 20 years of eligibility service from:

A. the Correctional Officers’ Retirement System and the Employees’ Retirement System; or

B. the Correctional Officers’ Retirement System and the Employees’ Pension System;

(iii) 1. is serving in a position specified in:

A. § 25–201(a)(8) or (9) of this title on or before June 30, 2017; or

B. § 25–201(a)(10) or (11) of this title on or before June 30, 2018;

2. is vested in the Correctional Officers’ Retirement System; and

3. has a combined total of at least 20 years of eligibility service from:

A. the Correctional Officers’ Retirement System and the Employees’ Retirement System; or

B. the Correctional Officers’ Retirement System and the Employees’ Pension System; or

(iv) is at least 55 years old and has:

1. at least 5 years of eligibility service credit, if the member is a member on or before June 30, 2011; or

2. at least 10 years of eligibility service credit, if the member becomes a member on or after July 1, 2011; and

(2) the member completes and submits a written application to the Board of Trustees stating the date when the member desires to retire.

(b) On retirement under this section, a member is entitled to receive a normal service retirement allowance that equals one fifty–fifth of the member’s average final compensation multiplied by the number of years of creditable service.

(c) (1) This subsection applies only to:

(i) a correctional case management specialist, supervisor, or manager who has a combined total of 20 years of eligibility service as provided in subsection (a)(1)(ii) of this section; or

(ii) a member serving in a position specified in § 25–201(a)(8), (9), (10), or (11) of this title who has a combined total of 20 years of eligibility service as provided in subsection (a)(1)(iii) of this section.

(2) A member is entitled to receive a normal service retirement allowance that equals an allowance based on the creditable service the member has in the Correctional Officers’ Retirement System.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.