§ 22-214
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/md/state-personnel-and-pensions/22-214·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§22–214.
(1)This subsection applies only to a member who is subject to Selection A (Additional member contributions).
(2)For a member whose membership started on or before June 30, 1973, the contribution rate as a percent of a member's earnable compensation is the lesser of:
(i)2% plus the contribution rate adopted by the Board of Trustees and in effect when membership began; or
(ii)7%.
(3)For a member whose membership started on or after July 1, 1973, the contribution rate is 7% of a member's earnable compensation.
(4)For a member who under § 22-308(b)(2) of this title elects to receive full-time service credit for regular part-time employment, the contribution rate is 7% of the compensation the member would have earned had the member been a full-time employee.
(1)This subsection applies to a member who is subject to Selection B (Limited cost-of-living adjustment).
(2)For a member whose membership started on or before June 30, 1973, the contribution rate as a percent of a member's earnable compensation is the lesser of:
(i)the contribution rate adopted by the Board of Trustees and in effect when membership began; or
(ii)5%.
(3)For a member whose membership started on or after July 1, 1973, the contribution rate is 5% of a member's earnable compensation.
(4)For a member who elects under § 22-308(b)(2) of this title to receive full-time service credit for regular part-time employment, the contribution rate is 5% of the compensation the member would have earned had the member been a full-time employee.
(1)This subsection applies to a member who is subject to Selection C (Combination formula).
(2)A member’s contribution rate is as provided in § 23-212 of this article.