Md. Code Ann., State Pers. & Pens. § 26-203.3
Transfers from Department of Public Safety and Correctional Services Internal Investigative Unit
Effective Oct 1, 2014Added by Acts 2007, c. 405, § 1, eff. July 1, 2007. Amended by Acts 2014, c. 217, § 1, eff. Oct. 1, 2014.State of Maryland
(a) This section applies to members of the Department of Public Safety and Correctional Services Intelligence and Investigative Division who:
- (1) have the powers granted to a police officer under § 10-701 of the Correctional Services Article; and
- (2) transfer to the Law Enforcement Officers' Pension System on or before December 31, 2007.
- (b) A member shall deposit in the annuity savings fund of the Law Enforcement Officers' Pension System contributions at the rate of 4% of the individual's earnable compensation after July 1, 2000, including regular interest on the contributions at the rate of 5% per year compounded annually.
Added by Acts 2007, c. 405, § 1, eff. July 1, 2007. Amended by Acts 2014, c. 217, § 1, eff. Oct. 1, 2014.