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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Maryland Code, State Personnel and Pensions § 26-204 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-personnel-and-pensions/md-code-st-pers-and-pens-sect-26-204/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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