|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2007 Vetoed Bills and Messages
|
|
|
|
|
|
H.B. 990
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c) This Part III does not apply to:
(1) an employee of a participating governmental unit participating in
the Employees' Pension System that has not elected to participate in the Alternate
Contributory Pension Selection under § 31-116.1 of this article or a former
participating governmental unit, OTHER THAN FREDERICK COUNTY, that has
withdrawn from the Employees' Pension System; or
(2) a member of the Employees' Pension System or the Teachers'
Pension System who transferred from the Employees' Retirement System or the
Teachers' Retirement System after April 1, 1998.
23-307.2.
(a) This section applies only to a former member, member, retiree, or
surviving beneficiary of the Employees' Pension System who, while a member, was an
employee of Frederick County.
(b) Except as provided in subsection [(c)] (D) of this section, a member who
is subject to the contributory pension benefit under Subtitle 2, Part II of this title may
purchase credit for eligibility service for the period of employment from July 1, 1998,
through July 1, 2000, by paying to the Board of Trustees:
(1) on or before June 30, 2001, the amount the member would have
been required to contribute for that period of employment; or
(2) on or after July 1, 2001, the amount the member would have been
required to contribute for that period of employment plus regular interest compounded
annually.
(C) EXCEPT AS PROVIDED IN SUBSECTION (D) OF THIS SECTION, A
MEMBER WHO IS SUBJECT TO THE ALTERNATE CONTRIBUTORY PENSION
SELECTION UNDER SUBTITLE 2, PART III OF THIS TITLE MAY PURCHASE
CREDIT FOR ELIGIBILITY SERVICE FOR THE PERIOD OF EMPLOYMENT FROM
JULY 1, 2006, THROUGH JULY 1, 2007, BY PAYING TO THE BOARD OF
TRUSTEES:
(1) ON OR BEFORE JUNE 30, 2008, THE AMOUNT THE MEMBER
WOULD HAVE BEEN REQUIRED TO CONTRIBUTE FOR THAT PERIOD OF
EMPLOYMENT; OR
(2) ON OR AFTER JULY 1, 2008, THE AMOUNT THE MEMBER
WOULD HAVE BEEN REQUIRED TO CONTRIBUTE FOR THAT PERIOD OF
EMPLOYMENT PLUS REGULAR INTEREST COMPOUNDED ANNUALLY.
|
|
|
|
|
|
|
|
|
|
- 4800 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
