§ 29-305. Immediate vesting for constitutional officers

MD State Pers & Pens Code § 29-305 (2019) (N/A)
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(a)    In this section, “constitutional officer” means:

(1)    the Attorney General of the State;

(2)    the Comptroller of the State;

(3)    the Lieutenant Governor of the State;

(4)    the Secretary of State; or

(5)    the Treasurer of the State.

(b)    (1)    A constitutional officer who is a member of the Employees’ Pension System:

(i)    on taking office, has immediate vesting rights in the Employees’ Pension System; and

(ii)    except as provided in paragraph (2) of this subsection, is entitled to a retirement allowance as provided in Title 23, Subtitle 4 of this article.

(2)    The retirement allowance of a constitutional officer who serves at least one full term may not be less than 10% of the annual salary received during the constitutional officer's last term.