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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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STATE PERSONNEL AND PENSIONS |
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DIVISION II. PENSIONS |
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TITLE 22. EMPLOYEES' AND TEACHERS' RETIREMENT SYSTEMS |
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SUBTITLE 4. SERVICE RETIREMENT BENEFITS |
§ 22-403. Retirement after termination of membership
Latest version.
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(a) Scope of section. -- This section applies to a former member who:
(1) was eligible for a retirement allowance under § 22-401 or § 22-402 of this subtitle when the former member's membership terminated;
(2) did not submit a written application under § 22-401 or § 22-402 of this subtitle before membership terminated; and
(3) has not withdrawn accumulated contributions.
(b) Application for retirement; retroactive payments prohibited. --
(1) A former member described in subsection (a) of this section may retire with a retirement allowance under § 22-401 or § 22-402 of this subtitle on the first day of the month after the Board of Trustees receives a written application for retirement from the former member.
(2) A former member who retires under this section may not receive benefits for the period before the former member submitted a completed application for retirement to the Board of Trustees.