Md. Code Ann., State Pers. & Pens. § 24-205
Contributions by members
Effective Jul 1, 2020Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1999, c. 122, § 1, eff. July 1, 1999; Acts 1999, c. 123, § 1, eff. July 1, 1999; Acts 2020, c. 265, § 1, eff. July 1, 2020; Acts 2020, c. 266, § 1, eff. July 1, 2020.State of Maryland
- (a) Except as provided in subsection (b) of this section, a member's contribution rate is 8% of the member's earnable compensation.
- (b) After 28 years of service as a member, a member does not make any further contributions.
Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 1999, c. 122, § 1, eff. July 1, 1999; Acts 1999, c. 123, § 1, eff. July 1, 1999; Acts 2020, c. 265, § 1, eff. July 1, 2020; Acts 2020, c. 266, § 1, eff. July 1, 2020.
Formerly Art. 73B, § 6-202.