Md. Code, State Pers. & Pens. § 26-204

Current with changes from the 2024 Legislative Session
Section 26-204 - Contributions by members
(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.

Md. Code, SPP § 26-204

Amended by 2020 Md. Laws, Ch. 266,Sec. 1, eff. 7/1/2020.
Amended by 2020 Md. Laws, Ch. 265,Sec. 1, eff. 7/1/2020.