Section 27-406 - Effect of reemployment of retiree. - Maryland Statutes

§ 27-406. Effect of reemployment of retiree [Amendment subject to abrogation].
 

(a)  In general.- A retiree may accept employment in which all or part of the compensation for the employment comes from municipal, county, or State funds, if the retiree immediately notifies the Board of Trustees of: 

(1) the retiree's intention to accept the employment; and 

(2) the compensation that the retiree will receive. 

(b)  Scope of section; restriction on rehiring.-  

(1) This subsection does not apply to a retiree who is temporarily assigned to sit in a court of this State under the authority of Article IV, § 3A of the Maryland Constitution. 

(2) A retiree may not be rehired within 45 days of the date the individual retired if the individual's current employer is any unit of State government and the individual's employer at the time of the individual's last separation from employment with the State before the individual commenced receiving a service retirement allowance was also a unit of State government. 

(c)  Report.- On or before September 1 of each year, the Chief Judge of the Court of Appeals shall submit a report in accordance with § 2-1246 of the State Government Article to the Joint Committee on Pensions that provides: 

(1) the number of rehired retirees under subsection (a) of this section; 

(2) the employer rehiring a retiree under subsection (a) of this section; 

(3) the annual salary of each rehired retiree at the time of retirement; and 

(4) the current annual salary of each rehired retiree. 
 

[An. Code 1957, art. 73B, § 9-104; 1994, ch. 6, § 2; 2001, ch. 643; 2007, ch. 334, § 1; 2008, ch. 250; 2010, ch. 688.]