Md. Code, State Pers. & Pens. § 23-212

Maryland · Maryland Code, State Personnel and Pensions · Status: effective

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Citation: Md. Code, State Pers. & Pens. § 23-212, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789413
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(a) Except as otherwise provided in this section, a member’s contribution rate is 5% of the part of the member’s earnable compensation that exceeds the taxable wage base for each year. (b) The contribution rate of a member who is subject to the contributory pension benefit under Part II of this subtitle is 2% of the member’s earnable compensation. (c) The contribution rate of a member who is subject to the Alternate Contributory Pension Selection under Part III of this subtitle is: (1) 3% of the member’s earnable compensation received from July 1, 2006 to June 30, 2007, both inclusive; (2) 4% of the member’s earnable compensation received from July 1, 2007 to June 30, 2008, both inclusive; (3) 5% of the member’s earnable compensation received from July 1, 2008 to June 30, 2011, both inclusive; and (4) 7% of the member’s earnable compensation received on or after July 1, 2011. (d) The contribution rate of a member who is subject to the reformed contributory pension benefit under Part IV of this subtitle is 7% of the member’s earnable compensation.