(a) This section applies to an employee of the Warrant Apprehension Unit, formerly of the Division of Parole and Probation in the Department of Public Safety and Correctional Services, who:
(1) had the powers granted to a peace officer or police officer under the former § 6–106 of the Correctional Services Article; and
(2) transferred to the Law Enforcement Officers’ Pension System on or before December 31, 2015.
(b) A member shall deposit in the annuity savings fund of the Law Enforcement Officers’ Pension System:
(1) contributions at the rates specified under § 26–204 of this subtitle; and
(2) regular interest on the contributions required under item (1) of this subsection at the rate of 5% per year compounded annually.
(c) (1) The Board of Trustees shall transfer a member’s accumulated contributions from the annuity savings fund of the Employees’ Pension System to the annuity savings fund of the Law Enforcement Officers’ Pension System.
(2) The amount a member is required to deposit under subsection (b) of this section shall be reduced by the amount of accumulated contributions transferred under this subsection.
Structure Maryland Statutes
Title 26 - Law Enforcement Officers' Pension System
Section 26-201 - Membership in the Law Enforcement Officers' Pension System -- Scope
Section 26-202 - Membership as Condition of Employment
Section 26-203 - Continuation of Membership
Section 26-203.1 - Transfer of Employer Contributions; Local Pension Fund Transfers
Section 26-203.2 - Maryland Transit Administration Police Force
Section 26-203.4 - Warrant Apprehension Unit of Division of Parole and Probation
Section 26-204 - Contributions by Members
Section 26-205 - Regular Interest
Section 26-206 - Termination of Membership
Section 26-207 - Transfer of Members Between Systems -- Law Enforcement Officers' Pension System