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Md. Code, State Pers. & Pens. § 26-203.4

Md. Code, State Pers. & Pens. § 26-203.4

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

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Md. Code, State Pers. & Pens. § 26-203.4, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789514
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(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.