# COMAR Title 22 — State Retirement and Pension System

## Subtitle 02 — Option and Annuity Tables

### Chapter 01 — Option Factors and Annuity Values

#### Regulation .01 Definitions.

*COMAR 22.02.01.01*

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

  (1) Effective Date of Retirement.

    (a) “Effective date of retirement” means the effective date of the commencement of:

      (i) A retirement allowance;

      (ii) A vested allowance;

      (iii) An allowance payable on the death of an individual employed as a member; or

      (iv) For a member of a deferred retirement option program, participation in the deferred retirement option program.

    (b) “Effective date of retirement” does not mean the date of a change of beneficiary by a retiree, or the date of commencement of an allowance to a beneficiary of a retiree.

  (2) “Post-reform COLA rate” means the assumed cost-of-living adjustment rate under Regulation .03 or .04 of this chapter, for creditable service that is subject to State Personnel and Pensions Article, §29-408, Annotated Code of Maryland.

  (3) “Pre-reform COLA rate” means the assumed cost-of-living adjustment rate under Regulation .03 or .04 of this chapter, for creditable service that is not subject to State Personnel and Pensions Article, §29-408, Annotated Code of Maryland.

  (4) “System’s actuary” means the actuary designated by the Board of Trustees in accordance with State Personnel and Pensions Article, §21-125, Annotated Code of Maryland.