Section 29-106 - Ordinary disability retirement - Allowance for Employees', Teachers', and Correctional Officers' Retirement Systems. - Maryland Statutes

§ 29-106. Ordinary disability retirement - Allowance for Employees', Teachers', and Correctional Officers' Retirement Systems.
 

(a)  Scope of section.- This section applies only to members of: 

(1) the Correctional Officers' Retirement System; 

(2) the Employees' Retirement System; and 

(3) the Teachers' Retirement System. 

(b)  Computation of allowance - In general.- An ordinary disability retirement allowance equals the greater of: 

(1) a normal service retirement allowance; or 

(2) the amount computed under subsection (c) or (d) of this section. 

(c)  Computation of allowance - For member at least normal retirement age.- If a member is at least normal retirement age, the amount to be used under subsection (b)(2) of this section is 25% of the member's average final compensation. 

(d)  Computation of allowance - For member under normal retirement age.- If a member is under normal retirement age, the amount to be used under subsection (b)(2) of this section is the lesser of: 

(1) 25% of the member's average final compensation; or 

(2) the normal service retirement allowance that is computed by using: 

(i) the number of years of creditable service that the member would have received if the member continued employment until normal retirement age; and 

(ii) an average final compensation that the member would have received if the member continued employment without a change in earnable compensation. 
 

[An. Code 1957, art. 73B, §§ 2-404, 3-404, 7-404; 1994, ch. 6, § 2.]