(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.
(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.
(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.
