<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".03" citation="COMAR 22.02.01.03" title_num="22" subtitle_num="02" chapter_num="01" heading="Option and Annuity Factors from July 1, 2017, until December 31, 2021.">
  <paragraph num="A.">
    <text>This regulation applies to an effective date of retirement from July 1, 2017, until December 31, 2021.</text>
  </paragraph>
  <paragraph num="B.">
    <text>General option factors and annuity values, which are established by the System’s actuary and are based on the actuarial assumptions adopted by the Board of Trustees as set forth in §F of this regulation, shall be applicable to the Correctional Officers’ Retirement System, Employees’ Pension System, Employees’ Retirement System, Judges’ Retirement System, Teachers’ Pension System, and Teachers’ Retirement System.</text>
  </paragraph>
  <paragraph num="C.">
    <text>Law Enforcement option factors and annuity values, which are established by the System’s actuary and based on the actuarial assumptions adopted by the Board of Trustees as set forth in §F of this regulation, shall be applicable to the Law Enforcement Officers’ Pension System, Local Fire and Police System, and State Police Retirement System.</text>
  </paragraph>
  <paragraph num="D.">
    <text>Legislative plan option factors and annuity values, which are established by the System’s actuary and based on the actuarial assumptions adopted by the Board of Trustees as set forth in §F of this regulation, shall be applicable to the Legislative Pension Plan.</text>
  </paragraph>
  <paragraph num="E.">
    <text>Upon request, the Retirement Agency shall make the option factors and annuity values established by the System’s actuary available to a participant.</text>
  </paragraph>
  <paragraph num="F.">
    <text>Actuarial Assumptions.</text>
  </paragraph>
</regulation>