(a) (1) An individual who is an employee of the Town of Sykesville on the effective date shall receive eligibility service and creditable service in the Employees’ Pension System equal to 75% of the individual’s period of employment with the Town of Sykesville before the effective date as certified by the Town of Sykesville as of the effective date.
(2) (i) This paragraph applies only to a member of the Employees’ Pension System who received eligibility service and creditable service in accordance with paragraph (1) of this subsection.
(ii) The Town of Sykesville may purchase additional service credit for each member so that the member’s eligibility service and creditable service for employment with the Town of Sykesville before the effective date of participation is equal to 100% of the member’s period of employment with the Town of Sykesville before the effective date of participation.
(iii) Additional service credit purchased under this paragraph shall be credited to an employee on July 1 of the fiscal year in which the additional service credit is purchased.
(iv) The new entrant valuation that is used to determine the employer contribution for the Town of Sykesville shall be adjusted in the fiscal year in which the purchase of service credit is made to reflect any change in liabilities attributable to the Town of Sykesville resulting from a purchase of service credit under this paragraph.
(b) If an employee or former employee of the Town of Sykesville becomes a member of the Employees’ Pension System at any time after the effective date, the employee may not receive service credit for employment with the Town of Sykesville before the effective date.
Structure Maryland Statutes
Title 31 - Participating Governmental Units
Subtitle 1 - Participation in Employees' Systems
Section 31-102 - Eligible Governmental Units
Section 31-103 - Limitation on Number of Eligible Community Action Agencies
Section 31-104 - Eligible Employees of Baltimore Metropolitan Council
Section 31-105 - Eligible Employees of Canal Place Preservation and Development Authority
Section 31-106 - Eligible Employees of Maryland Stadium Authority
Section 31-106.1 - Eligible Employees of Maryland African American Museum Corporation
Section 31-106.2 - Eligible Employees of St. Mary's Nursing Center, Inc
Section 31-107 - Eligible Employees of University of Maryland Medical System Corporation
Section 31-108 - Employees of Worcester County
Section 31-109 - Approval of Participation; Request to Permit Participation
Section 31-109.1 - Effective Date of Participation
Section 31-110 - Membership in Employees' Retirement System
Section 31-111 - Credit for Service Before the Effective Date
Section 31-111.1 - Supportive Service Employee -- Kent County Board of Education
Section 31-111.2 - Employees -- Town of Oakland
Section 31-111.3 - Employees -- City of Frostburg
Section 31-111.4 - Employees -- Town of Berwyn Heights
Section 31-111.5 - Employees -- Town of Sykesville
Section 31-111.6 - Employees -- Town of University Park
Section 31-111.7 - Employees -- Somerset County Economic Development Commission
Section 31-111.8 - Employees -- City of College Park
Section 31-112 - Benefits of Members
Section 31-113 - Effect of Participation
Section 31-114 - Duties of Fiscal Officer
Section 31-115 - Interim or Supplemental Allowances
Section 31-116 - Contributory Pension Benefit