(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.
Structure Maryland Statutes
Title 25 - Correctional Officers' Retirement System
Section 25-201 - Membership in the Correctional Officers' Retirement System -- Scope
Section 25-202 - Membership as a Condition of Employment
Section 25-203 - Contributions by Members
Section 25-203.1 - Transfer From Employees' Pension System or Employees' Retirement System
Section 25-204 - Regular Interest
Section 25-205 - Termination of Membership
Section 25-206 - Transfer of Employer Contributions From Local Pension System
Section 25-207 - Transfer of Members Between Systems -- Correctional Officers' Retirement System