Md. Code Regs. 22.01.11.01

Current through Register Vol. 52, No. 1, January 10, 2025

Section 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.

Md. Code Regs. 22.01.11.01

Regulation .01B amended effective October 20, 1997 (24:21 Md. R. 1452); adopted effective 49:2 Md. R. 78, eff. 1/24/2022