§ 22–402
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Pers. & Pens. § 22-402 (2026)
Title 22. Employees' and Teachers' Retirement Systems
Subtitle 4. Service Retirement Benefits
§ 22–402LinkCopy Citation
(a)
A member may retire with an early service retirement allowance if:
(1)
on or before the date of retirement, the member:
(i)
has at least 25 but less than 30 years of eligibility service; and
(ii)
is less than 60 years old; and
(2)
the member completes and submits a written application to the Board of Trustees stating the date when the member desires to retire.
(b)
On retirement under this section, a member is entitled to an early service retirement allowance that equals one fifty-fifth of the member's average final compensation multiplied by the number of years of creditable service reduced by 0.5% for each month by which the member's date of retirement precedes the earlier of:
(1)
the date the member will be 60 years old; or
(2)
the date the member would have completed 30 years of eligibility service had the member continued employment.