§ 28–205
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Pers. & Pens. § 28-205 (2026)
Title 28. Local Fire and Police System
Subtitle 2. Membership
§ 28–205LinkCopy Citation
(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.