Section 26-205 - Regular interest. - Maryland Statutes

§ 26-205. Regular interest.
 

Regular interest is payable on member contributions until retirement or withdrawal of accumulated contributions at the rate of: 

(1) 4% a year, compounded annually, for a member who has transferred from the Employees' Retirement System on or before December 31, 2004; or 

(2) 5% a year, compounded annually, for each other member. 
 

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