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Maryland Code, State Personnel and Pensions § 28-307

Current as of January 01, 2025 | Updated by Findlaw Staff

(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 service credit under the Employees' Pension System; and

(ii) is not otherwise entitled to service credit under the Local Fire and Police 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.

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Cite this article: FindLaw.com - Maryland Code, State Personnel and Pensions § 28-307 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-personnel-and-pensions/md-code-st-pers-and-pens-sect-28-307/

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