Md. Code, State Pers. & Pens. § 28-205
Md. Code, State Pers. & Pens. § 28-205
Maryland · Maryland Code, State Personnel and Pensions · Status: effective
Cite this
- Citation
- Md. Code, State Pers. & Pens. § 28-205, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789562
- Permanent ID
ys:prov:1789562@1- SHA-256
8296f389d28dd1325f98c582f869fd2282132a08c7cbfbf8e28460824888a2d1
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Except as provided in subsection (b) of this section, regular interest is payable on member contributions until retirement or withdrawal of accumulated contributions at the rate of:
(1) 4% a year, compounded annually, for a member who has transferred from the Employees’ Retirement System; or
(2) 5% a year, compounded annually, for each other member.
(b) No further interest shall be paid on member contributions after membership ends if the former member is not eligible to receive a vested allowance under Title 29, Subtitle 3 of this article.