# State Personnel and Pensions (GSP)

## Title 28. Local Fire and Police System

### Subtitle 2. Membership

#### Section 28-205

(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.

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Md. Code Ann., State Pers. & Pens. (as displayed at mgaleg.maryland.gov, October 16, 2026)