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§ 29-113. Annual retirement allowance adjustment under State Police Retirement System

MD State Pers & Pens Code § 29-113 (2019) (N/A)
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(a)    Subject to subsection (b) of this section, a disability retiree of the State Police Retirement System, or a beneficiary of a disability retiree of the State Police Retirement System, who retires on or before June 30, 1999 with an ordinary or special disability retirement allowance under § 29-107 or § 29-111 of this subtitle, shall receive an annual retirement allowance adjustment as of July 1, 1999, as follows:

(1)    for a retiree who has been retired not more than 5 years, $1,200;

(2)    for a retiree who has been retired more than 5 years but not more than 10 years, $1,500;

(3)    for a retiree who has been retired more than 10 years but not more than 15 years, $1,800; and

(4)    for a retiree who has been retired more than 15 years, $2,100.

(b)    Each fiscal year, the Board of Trustees shall increase the adjustment received by the retiree or the beneficiary as of July 1, 1999, by multiplying the adjustment by a fraction that has:

(1)    as its numerator, the Consumer Price Index for the calendar year ending December 31 of the preceding fiscal year; and

(2)    as its denominator, the Consumer Price Index for the calendar year ending December 31, 1998.

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§ 29-112. Disability options for State Police
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