(a) The Board of Trustees shall reduce a member's allowance if the member:
- (1) received any accumulated contributions, other than additional contributions, in connection with a prior separation from employment;
- (2) is credited with prior eligibility service; and
- (3) does not repay, with interest to the date of retirement, the amount received.
- (b) A reduction under subsection (a) of this section shall equal the actuarial equivalent of the amount, including interest, that is not repaid.
Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994.
Formerly Art. 73B, §§ 4-408, 5-408.