Md. Code Regs. 22.01.11.01 - Definitions
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Allowance" means a disability retirement allowance, service retirement allowance, or vested allowance.
(2) "Earnable compensation" has the meaning stated in COMAR 22.01.01.01B(5).
(3) "Earnings " means the earnable compensation received by a retiree in a calendar year.
(4) "Earnings limitation" means the annual amount that a retiree may earn in certain types of re-employment during certain periods of time after retirement, as specified by law, before the retiree's allowance is subject to a reduction.
(5) Effective Date of Retirement.
(a) "Effective date of retirement", except as provided in §B(5)(b) of this regulation, means the first day of the month in which a retiree commences receipt of an allowance.
(b) "Effective date of retirement", for the Judges' Retirement System, means the first day in which a retiree commences receipt of an allowance.
(6) "Gross annual compensation " means the total compensation paid in a calendar year, before any deductions are taken.
(7) "Retiree" means an individual who has separated from employment with a participating employer and receives an allowance.
(8) Retirement.
(a) "Retirement" means the commencement of an allowance after separation from employment with a participating employer.
(b) "Retirement" includes the commencement of a vested allowance that is deferred after separation from employment until the former member is eligible for immediate payment.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.