Md. Code, State Personnel and Pensions § 25-206
This is the official text of Md. Code, State Personnel and Pensions § 25-206, part of Maryland’s Code, State Personnel and Pensions — governs state employees and public pensions.
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§25–206.
Official statutory text
(a) For members who transfer from a local pension system, the local pension system shall transfer to the Board of Trustees the employer contributions that were made to the local pension system on behalf of those members who transferred, plus the interest earned on those contributions through the date of transfer.
(b) The Board of Trustees shall deposit any funds transferred under subsection (a) of this section in the accumulation fund of the Correctional Officers’ Retirement System.
(b) The Board of Trustees shall deposit any funds transferred under subsection (a) of this section in the accumulation fund of the Correctional Officers’ Retirement System.
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