Md. Code Ann., State Pers. & Pens. § 27-202
Contribution rate of members
Effective Jul 1, 2012Added by Acts 1994, c. 6, § 2, eff. Oct. 1, 1994. Amended by Acts 2012, c. 485, § 1, eff. July 1, 2012.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 16 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 2012, c. 485, § 1, eff. July 1, 2012.
Formerly Art. 73B, § 9-105.