Section 25-401 - Normal service retirement. - Maryland Statutes

§ 25-401. Normal service retirement.
 

(a)  Age and service requirements - Retirement at member's option.- A member may retire with a normal service retirement allowance if: 

(1) on or before the date of retirement, the member has at least 20 years of eligibility service; 

(2) for at least 5 years immediately before retirement, the member was: 

(i) a security attendant at Clifton T. Perkins Hospital Center; 

(ii) a correctional officer in any of the first six job classifications; 

(iii) a detention center officer employed by a participating governmental unit that has elected to participate in the Correctional Officers' Retirement System; 

(iv) an individual serving as a correctional dietary, maintenance, laundry, or supply officer; 

(v) an individual serving as a Maryland Correctional Enterprises officer, officer trainee, plant supervisor, plant manager, or regional manager; or 

(vi) in a combination of these positions; and 

(3) the member completes and submits a written application to the Board of Trustees stating the date when the member desires to retire. 

(b)  Computation of normal service retirement allowance.- On retirement under this section, a member is entitled to receive a normal service retirement allowance that equals one fifty-fifth of the member's average final compensation multiplied by the number of years of creditable service. 
 

[An. Code 1957, art. 73B, § 7-401; 1994, ch. 6, § 2; 2000, ch. 370; 2007, ch. 334, § 1; 2008, chs. 408, 409.]