Md. Code, State Personnel and Pensions § 23-406
This is the official text of Md. Code, State Personnel and Pensions § 23-406, part of Maryland’s Code, State Personnel and Pensions — governs state employees and public pensions.
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§23–406.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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