Md. Code, State Pers. & Pens. § 29-405
Md. Code, State Pers. & Pens. § 29-405
Maryland · Maryland Code, State Personnel and Pensions · Status: effective
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- Citation
- Md. Code, State Pers. & Pens. § 29-405, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1789615
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Full text
(a) This section applies only to an allowance received by a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree:
(1) of the Employees’ Retirement System or the Teachers’ Retirement System who elected Selection B (Limited cost–of–living adjustment); or
(2) who transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System and had elected Selection B (Limited cost–of–living adjustment).
(b) A cost–of–living adjustment payable under this section shall be a compound cost–of–living adjustment computed in accordance with § 29–402(d)(2) of this subtitle.
(c) A cost–of–living adjustment payable under this section shall be subject to a cost–of–living rate cap of 5%.