(a) Except as provided in subsection (b) of this section, regular interest is payable on member contributions at the rate of 4% a year, compounded annually, until retirement or withdrawal of the accumulated contributions.
(b) No further interest shall be paid on member contributions after membership ends if the former member is not eligible to receive a vested allowance under Title 29, Subtitle 3 of this article.
Structure Maryland Statutes
Title 24 - State Police Retirement System
Section 24-201 - Membership in the State Police Retirement System -- Scope
Section 24-202 - Membership as a Condition of Employment
Section 24-203 - Membership for Secretary of State Police
Section 24-204 - Determination by the Board of Trustees
Section 24-205 - Contributions by Members
Section 24-206 - Regular Interest
Section 24-207 - Termination of Membership
Section 24-208 - Transfer of Members Between Systems -- State Police Retirement System