(a) Except as otherwise provided in this section, a member’s contribution rate is 5% of the part of the member’s earnable compensation that exceeds the taxable wage base for each year.
(b) The contribution rate of a member who is subject to the contributory pension benefit under Part II of this subtitle is 2% of the member’s earnable compensation.
(c) The contribution rate of a member who is subject to the Alternate Contributory Pension Selection under Part III of this subtitle is:
(1) 3% of the member’s earnable compensation received from July 1, 2006 to June 30, 2007, both inclusive;
(2) 4% of the member’s earnable compensation received from July 1, 2007 to June 30, 2008, both inclusive;
(3) 5% of the member’s earnable compensation received from July 1, 2008 to June 30, 2011, both inclusive; and
(4) 7% of the member’s earnable compensation received on or after July 1, 2011.
(d) The contribution rate of a member who is subject to the reformed contributory pension benefit under Part IV of this subtitle is 7% of the member’s earnable compensation.
Structure Maryland Statutes
Title 23 - Employees' and Teachers' Pension Systems
Section 23-201 - Membership in the Employees' Pension System -- Scope
Section 23-203 - Membership in the Employees' Pension System -- as a Condition of Employment
Section 23-204 - Membership in the Employees' Pension System -- Optional Membership
Section 23-205 - Membership in the Employees' Pension System -- Determination by Board of Trustees
Section 23-206 - Membership in the Teachers' Pension System -- Scope
Section 23-208 - Membership in the Teachers' Pension System -- as a Condition of Employment
Section 23-209 - Membership in the Teachers' Pension System -- Discretionary
Section 23-210 - Membership in the Teachers' Pension System -- Determination by Board of Trustees
Section 23-211 - Membership in the Teachers' Pension System -- Continuation of Membership
Section 23-212 - Contributions by Members
Section 23-213 - Contributions by Members -- Regular Interest
Section 23-214 - Employment by Private Contractors
Section 23-215 - Termination of Membership
Section 23-215.2 - Transfer of Members Between Systems -- Employees' Pension or Teachers' Pension