Unannotated Code of Maryland (Last Updated: May 16, 2014) |
STATE PERSONNEL AND PENSIONS |
DIVISION II. PENSIONS |
TITLE 22. EMPLOYEES' AND TEACHERS' RETIREMENT SYSTEMS |
SUBTITLE 2. MEMBERSHIP |
PART II. ALTERNATE RETIREMENT SELECTIONS |
§ 22-220. Selection B (Limited cost-of-living adjustment)
Latest version.
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(a) Scope of section. -- This section applies only to a member who is subject to Selection B (Limited cost-of-living adjustment) on October 1, 1994.
(b) Effect of election. -- A member who is subject to Selection B (Limited cost-of-living adjustment) shall:
(1) receive an allowance for all creditable service as follows:
(i) for normal service retirement as provided by § 22-401 of this title;
(ii) for early service retirement as provided by § 22-402 of this title;
(iii) for ordinary disability retirement as provided by § 29-106 of this article; and
(iv) for accidental disability retirement as provided by § 29-110 of this article;
(2) have the allowance adjusted as provided in § 29-401, 29-402, and 29-405 of this article; and
(3) make the member contributions at the rate specified by § 22-214(b) of this subtitle.
HISTORY: An. Code 1957, art. 73B, § 2-415, 3-412; 1994, ch. 6, § 2; 2004, ch. 25, § 6; ch. 532, § 2; 2005, ch. 25, § 1; 2013, ch. 550, § 2; ch. 551, § 2.