Section 24-402 - Retirement after termination of membership. - Maryland Statutes

§ 24-402. Retirement after termination of membership.
 

(a)  Scope of section.- This section applies to a former member who: 

(1) was eligible for a retirement allowance under § 24-401 of this subtitle when the former member's membership terminated; 

(2) did not submit a written application under § 24-401 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(3) has not withdrawn accumulated contributions.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 § 24-401 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. 
 

[An. Code 1957, art. 73B, § 6-402; 1994, ch. 6, § 2.]