§ 23-212
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/md/state-personnel-and-pensions/23-212·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§23–212.
(a)Except as otherwise provided in this section, a member’s contribution rate is 5% of the part of the member’s earnable compensation that exceeds the taxable wage base for each year.
(b)The contribution rate of a member who is subject to the contributory pension benefit under Part II of this subtitle is 2% of the member’s earnable compensation.
(c)The contribution rate of a member who is subject to the Alternate Contributory Pension Selection under Part III of this subtitle is:
(1)3% of the member’s earnable compensation received from July 1, 2006 to June 30, 2007, both inclusive;
(2)4% of the member’s earnable compensation received from July 1, 2007 to June 30, 2008, both inclusive;
(3)5% of the member’s earnable compensation received from July 1, 2008 to June 30, 2011, both inclusive; and
(4)7% of the member’s earnable compensation received on or after July 1, 2011.
(d)The contribution rate of a member who is subject to the reformed contributory pension benefit under Part IV of this subtitle is 7% of the member’s earnable compensation.