(a) This section does not apply to an individual who is a member of a State system on or before June 30, 1996.
(b) Notwithstanding any other provision of law, for plan years beginning on or after July 1, 1996, the annual compensation that may be taken into account when determining the retirement allowance payable to a member of a State system, may not exceed the compensation limit under § 401(a)(17)(B) of the Internal Revenue Code and regulations adopted thereunder.
Structure Maryland Statutes
Title 20 - Definitions and General Provisions
Subtitle 2 - General Provisions
Section 20-201 - Scope of Division
Section 20-202 - Determining an Actuarial Equivalent
Section 20-203 - Duplication of Benefits Prohibited
Section 20-204 - Average Final Compensation -- Retirement Systems
Section 20-205 - Average Final Compensation -- Member of Pension Systems on or Before July 1, 2011
Section 20-205.1 - Average Final Compensation -- Member of Pension Systems on or After July 1, 2011
Section 20-206 - Credit for Unused Sick Leave
Section 20-207 - Limit on Amount Used to Determine Retirement Allowance
Section 20-208 - Allowance in Excess of Limit on Benefit Accruals Prohibited