Maryland Statutes
Subtitle 4 - Service Retirement Benefits
Section 23-406 - Reduction of Allowance When Accumulated Contributions Are Not Repaid

(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.

Structure Maryland Statutes