Section 26-204 - Contributions by members. - Maryland Statutes

§ 26-204. Contributions by members.
 

(a)  In general.- Except as provided in subsection (b) of this section, a member's contribution rate is 4% of the member's earnable compensation. 

(b)  Scope.-  

(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. 
 

[An. Code 1957, art. 73B, § 8-202; 1994, ch. 6, § 2; 2000, ch. 395, § 2; 2004, ch. 25, § 6; ch. 532, § 1.]