(a) If a member of a State or local retirement or pension system transfers to another State or local retirement or pension system because of an involuntary transfer of the member’s unit to another employer, all the employer contributions on behalf of the member and interest on those contributions shall be transferred to the new system.
(b) (1) The amount to be transferred to the new system under subsection (a) of this section shall be determined by actuarial valuation.
(2) The cost of the valuation shall be shared equally by the previous system and the new system.
Structure Maryland Statutes
Division III - Other Retirement and Pension Provisions
Title 37 - Transfers Between Retirement or Pension Systems
Subtitle 2 - General Provisions
Section 37-201 - Scope of Title
Section 37-202 - When Transfer Allowed
Section 37-203 - Transfers in General
Section 37-203.1 - Transfer of Service Credit
Section 37-203.2 - Transfer of Service Credit -- Waiver of One-Year Requirement
Section 37-204 - Transfer to Police Department or Fire Department System