reglab/housing_qa huggingface dataset:
MD. State Personnel and Pensions Code Ann. §  29-303.1 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 3 - Deferred Vested Benefits|Section 29-303.1 - Vested Allowances for Members of Pension Systems -- Lump-Sum Payment

    (a)    This section applies only to an individual who:        (1)    is a former member of:            (i)    the Employees’ Pension System; or            (ii)    the Teachers’ Pension System;        (2)    is eligible to receive a vested allowance under § 29-303 of this subtitle; and        (3)    has not elected to receive a benefit under § 29-303 of this subtitle.    (b)    Notwithstanding § 29-303 of this subtitle, an individual under subsection (a) of this section may elect a lump-sum payment equal to the present value of the vested allowance if:        (1)    the vested allowance is less than $50 a month;        (2)    (i)    the individual is not a member of the Optional Retirement Program and has terminated any employment with a participating employer for the State; or            (ii)    the individual is a member of the Optional Retirement Program and has terminated employment with an employing institution as defined in § 30-101(e) of this article; and        (3)    the individual requests a lump-sum payment of the vested allowance on a form provided by the State Retirement Agency.
MD. State Personnel and Pensions Code Ann. §  29-304 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 3 - Deferred Vested Benefits|Section 29-304 - Immediate Vesting for Heads of Units of State Government

    An individual who is a secretary of a principal department or a head of a department, office, or other unit of the State government serving at the Governor’s pleasure has immediate vesting rights on taking office in the State system in which the individual is a member.
MD. State Personnel and Pensions Code Ann. §  29-305 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 3 - Deferred Vested Benefits|Section 29-305 - Immediate Vesting for Constitutional Officers

    (a)    In this section, “constitutional officer” means:        (1)    the Attorney General of the State;        (2)    the Comptroller of the State;        (3)    the Lieutenant Governor of the State;        (4)    the Secretary of State; or        (5)    the Treasurer of the State.    (b)    (1)    A constitutional officer who is a member of the Employees’ Pension System:            (i)    on taking office, has immediate vesting rights in the Employees’ Pension System; and            (ii)    except as provided in paragraph (2) of this subsection, is entitled to a retirement allowance as provided in Title 23, Subtitle 4 of this article.        (2)    The retirement allowance of a constitutional officer who serves at least one full term may not be less than 10% of the annual salary received during the constitutional officer's last term.
MD. State Personnel and Pensions Code Ann. §  29-401 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-401 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    (1)    “Accumulated cost–of–living adjustment amount” means the sum of all prior cost–of–living adjustments made to an allowance.        (2)    “Accumulated cost–of–living adjustment amount” does not include the cost–of–living adjustment made as of July 1 of the current fiscal year.    (c)    (1)    “Allowance” has the meaning stated in § 20–101 of this article.        (2)    “Allowance” includes an annual retirement allowance adjustment payable as of July 1, 1999 to a retiree of the State Police Retirement System who retired on or before June 30, 1999, under § 24–401(e) of this article.    (d)    “Consumer Price Index” means the annual average Consumer Price Index (all urban consumers, United States city average, all items, not seasonally adjusted, 1967 = 100) for the calendar year ending December 31 as published by the United States Department of Labor, Bureau of Labor Statistics.    (e)    “Cost–of–living adjustment” means the amount by which an allowance is adjusted as of July 1 of a fiscal year.    (f)    “Cost–of–living rate” means the rate computed in accordance with § 29–402(c) of this subtitle that is used to determine a cost–of–living adjustment.    (g)    “Cost–of–living rate cap” means the maximum cost–of–living rate that may be used to determine a cost–of–living adjustment in a fiscal year.    (h)    “Effective date” means:        (1)    for an allowance of a former member, a retiree, or the surviving beneficiary of a deceased member, the first day of the month in which an allowance is first paid to the former member, retiree, or surviving beneficiary; or        (2)    for an allowance of a surviving beneficiary of a former member or a retiree, the first day of the month in which an allowance was first paid to the former member or retiree.    (i)    “Initial allowance” means a basic allowance or an optional allowance paid in accordance with § 21–403 of this  article, not including a cost–of–living adjustment, accumulated cost–of–living adjustment, or any additional annuity.    (j)    “Selection A (Additional member contributions)” means the retirement selection described in § 22–219 of this article.    (k)    “Selection B (Limited cost–of–living adjustment)” means the retirement selection described in § 22–220 of this article.    (l)    “Selection C (Combination formula)” means the retirement selection described in § 22–221 of this article.
MD. State Personnel and Pensions Code Ann. §  29-403 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-403 - Compound Cost-of-Living Adjustment -- No Rate Cap

    (a)    This section applies only to:        (1)    an allowance of a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree:            (i)    of the Employees’ Retirement System or the Teachers’ Retirement System who elected Selection A (Additional member contributions);            (ii)    who transferred to the Local Fire and Police System from the Employees’ Retirement System; or            (iii)    who transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System and had elected Selection A (Additional member contributions);        (2)    an allowance based on creditable service earned before July 1, 2011, for a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree of:            (i)    the Correctional Officers’ Retirement System; or            (ii)    the State Police Retirement System; and        (3)    an additional annual allowance adjustment payable to a retiree or the beneficiary of a retiree of the State Police Retirement System under § 24–401(e) of this article.    (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 is not subject to any cost–of–living rate cap.    (d)    A cost–of–living adjustment payable under this section may not reduce an allowance to an amount that is less than the initial allowance.
MD. State Personnel and Pensions Code Ann. §  29-404 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-404 - Simple Cost-of-Living Adjustment -- Three Percent Rate Cap

    (a)    (1)    Except as provided in paragraph (2) of this subsection, this section applies only to an allowance based on creditable service earned before July 1, 2011, for a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree of:            (i)    the Employees’ Pension System, if the deceased member, former member, or retiree was an employee of:                1.    a participating governmental unit that has not elected the contributory pension benefit or the Alternate Contributory Pension Selection for its members in accordance with § 31–116 or § 31–116.1 of this article; or                2.    a former participating governmental unit, other than Frederick County, that has withdrawn before July 1, 1998, while a member;            (ii)    the Law Enforcement Officers’ Pension System, only if the deceased member, former member, or retiree transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System and did not elect to participate in the Law Enforcement Officers’ Modified Pension Benefit on or before December 31, 2000, as provided in § 26–211 of this article; or            (iii)    the Local Fire and Police System.        (2)    This section does not apply to an allowance that is subject to adjustment under § 29–403, § 29–405, § 29–406, § 29–407, or § 29–408 of this subtitle.    (b)    A cost–of–living adjustment payable under this section shall be a simple cost–of–living adjustment computed in accordance with § 29–402(d)(3) of this subtitle.    (c)    A cost–of–living adjustment payable under this section shall be subject to a cost–of–living rate cap of 3%.
MD. State Personnel and Pensions Code Ann. §  29-405 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-405 - Compound Cost-of-Living Adjustment -- Five Percent Rate Cap

    (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%.
MD. State Personnel and Pensions Code Ann. §  29-406 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-406 - Compound Cost-of-Living Adjustment -- Three Percent Rate Cap

    (a)    (1)    Except as provided in subsection (a)(2) of this section, this section applies:            (i)    on or after July 1, 1998, only to an allowance based on creditable service earned before July 1, 2011, and received by a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree of the Employees’ Pension System or the Teachers’ Pension System; and            (ii)    on or after December 31, 2000, only to an allowance based on creditable service earned before July 1, 2011, and received by a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree of the Law Enforcement Officers’ Pension System.        (2)    This section does not apply if the member, former member, or retiree:            (i)    was an employee of a participating governmental unit that did not elect the contributory pension benefit or the Alternate Contributory Pension Selection for its employees in accordance with § 31–116 or § 31–116.1 of this article;            (ii)    was an employee of a former participating governmental unit, other than Frederick County, that has withdrawn before July 1, 1998, while a member; or            (iii)    transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System and did not elect to participate in the Law Enforcement Officers’ Modified Pension Benefit on or before December 31, 2000, as provided in § 26–211 of this article.    (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 3%.
MD. State Personnel and Pensions Code Ann. §  29-407 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-407 - Effect of Elections; Exceptions

    (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 of the Employees’ Retirement System or the Teachers’ Retirement System who elected Selection C (Combination formula).    (b)    Except as provided in subsection (c) or (d) of this section, the Board of Trustees shall adjust an allowance subject to this section:        (1)    for creditable service before the effective date of selection, the cost–of–living adjustment as provided by § 29–403 of this subtitle; and        (2)    for creditable service on or after the effective date of selection, the cost–of–living adjustment as provided by § 29–406 of this subtitle.    (c)    For a member, former member, or retiree who was subject to Selection B (Limited cost–of–living adjustment) before electing Selection C (Combination formula), the Board of Trustees shall adjust an allowance subject to this section:        (1)    for creditable service before the effective date of selection, the cost–of–living adjustment as provided by § 29–405 of this subtitle; and        (2)    subject to subsection (d) of this section, for creditable service on or after the effective date of selection, the cost–of–living adjustment as provided by § 29–406 of this subtitle.    (d)    If an allowance is received by a former member, retiree, or a surviving beneficiary of a deceased member, former member, or retiree who, while a member, was an employee of a participating governmental unit that has not elected the contributory pension benefit or the Alternate Contributory Pension Selection for its members in accordance with § 31–116 or § 31–116.1 of this article, or a former participating governmental unit, other than Frederick County, that has withdrawn before July 1, 1998, the Board of Trustees shall adjust the allowance for creditable service on or after the effective date of selection as provided in § 29–404 of this subtitle.
MD. State Personnel and Pensions Code Ann. §  29-408 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-408 - Compound Cost-of-Living Adjustment -- Two and One-Half/one Percent Rate Cap

    (a)    This section applies only to an allowance based on creditable service earned on or after July 1, 2011, for a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree of:        (1)    the Correctional Officers’ Retirement System;        (2)    the Employees’ Pension System;        (3)    the Law Enforcement Officers’ Pension System;        (4)    the State Police Retirement System; or        (5)    the Teachers’ Pension System.    (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:        (1)    2.5% if, for the calendar year ending December 31 in the preceding fiscal year, the total investment performance of the several systems equals or exceeds the assumed rate of investment return established by the Board of Trustees in accordance with § 21–125(c) of this article and in effect as of December 31 of the preceding fiscal year; or        (2)    1% if, for the calendar year ending December 31 in the preceding fiscal year, the total investment performance of the several systems does not equal or exceed the assumed rate of investment return established by the Board of Trustees in accordance with § 21–125(c) of this article and in effect as of December 31 of the preceding fiscal year.
MD. State Personnel and Pensions Code Ann. §  29-409 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 4 - Cost-of-Living Adjustments|Section 29-409 - Suspension and Resumption of Payments

    (a)    This section applies only to a retiree of the Employees’ Retirement System or Employees’ Pension System who:        (1)    retired from the Employees’ Retirement System or Employees’ Pension System on or before June 30, 2009;        (2)    before retirement was an employee of the Maryland School for the Deaf; and        (3)    before retirement, as an employee of the Maryland School for the Deaf, was a 10–month employee incorrectly classified as a 12–month employee.    (b)    (1)    If a retiree is receiving a benefit that differs from the benefit the retiree is entitled to receive, the Board of Trustees shall, beginning July 1, 2010, and each subsequent July 1, suspend any annual cost–of–living adjustment the retiree may otherwise be entitled to receive under this subtitle.        (2)    Beginning July 1, 2010, and each subsequent July 1, any adjustment to the retiree’s annual retirement allowance described under paragraph (1) of this subsection shall be calculated using the current retirement allowance the retiree is entitled to receive and not the current retirement allowance the retiree is receiving.        (3)    The Board of Trustees shall suspend any annual cost–of–living adjustment otherwise payable under this subsection until the total amount of retirement allowance the retiree is entitled to receive, including any suspended annual cost–of–living adjustment, equals or exceeds the total amount of retirement allowance the retiree is receiving on July 1, 2010.        (4)    When the total amount of retirement allowance the retiree is entitled to receive, including any suspended annual cost–of–living adjustments, equals or exceeds the total amount of retirement allowance the retiree is receiving on July 1, 2010, the Board of Trustees shall resume adjusting the retiree’s annual allowance on July 1 of each year in accordance with this subtitle, so that the amount of the allowance, including any cost–of–living adjustments, equals the total allowance the retiree is entitled to receive.    (c)    If a retiree dies before the total amount of retirement allowance the retiree was entitled to receive, including any suspended annual cost–of–living adjustments, equals the total amount of retirement allowance the retiree was receiving on July 1, 2010, and the retiree has selected an optional form of allowance under Title 21, Subtitle 4 of this article, the deceased retiree’s beneficiary shall receive a benefit calculated on the retirement allowance the deceased retiree was entitled to receive at the time of the retiree’s death and not what the retiree was receiving at the time of the retiree’s death.
MD. State Personnel and Pensions Code Ann. §  29-501 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 29 - Benefits Other Than Service Retirement Benefits|Subtitle 5 - Accumulated Contributions|Section 29-501 - Return of Accumulated Contributions

    The Board of Trustees shall pay a member or former member the amount of the member’s or former member’s accumulated contributions if:        (1)    the member or former member separated from employment for a reason other than death or retirement; and        (2)    the member or former member requests the payment.
MD. State Personnel and Pensions Code Ann. §  30-101 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 30 - Optional Retirement Program|Subtitle 1 - Definitions|Section 30-101 - Definitions

    (a)    In this title the following words have the meanings indicated.    (b)    (1)    “Annuity contract” means a fixed or variable annuity contract or combination of fixed or variable annuity contracts authorized under § 403(a) or (b) of the Internal Revenue Code.        (2)    “Annuity contract” includes a custodial account to be invested in regulated investment company stock as provided in § 401(f) or § 403(b)(7) of the Internal Revenue Code.    (c)    “Designated company” means an entity that is designated by the Board of Trustees.    (d)    “Eligible employee” means an individual eligible to participate in the program.    (e)    “Employing institution” means:        (1)    the University System of Maryland;        (2)    Morgan State University;        (3)    St. Mary’s College;        (4)    the Maryland Higher Education Commission with respect to eligible employees of the Commission; and        (5)    any community college or regional community college established under Title 16 of the Education Article.    (f)    “Participating employee” means an eligible employee who elects to participate in the program.    (g)    “Pension system” means the Employees’ Pension System or the Teachers’ Pension System.    (h)    “Program” means the optional retirement program established under § 30-201 of this title.    (i)    “Retirement system” means the Employees’ Retirement System or the Teachers’ Retirement System.    (j)    “Supplemental retirement plans” means plans established pursuant to § 30–401 of this title.
MD. State Personnel and Pensions Code Ann. §  30-201 (2021)
2021 Maryland Statutes|State Personnel and Pensions|Division II - Pensions|Title 30 - Optional Retirement Program|Subtitle 2 - Optional Retirement Program|Section 30-201 - Establishment of Program

    (a)    There is an optional retirement program in which eligible employees may participate.    (b)    Under the program, annuity contracts offered by a designated company that provide retirement and death benefits may be purchased for participating employees.    (c)    (1)    The Board of Trustees shall administer the program to the extent provided in this title.        (2)    The State Retirement Agency shall carry out the administrative duties of the Board of Trustees.    (d)    The program shall be offered by each employing institution.