§ 23-406. Reduction of allowance when accumulated contributions are not repaid

MD State Pers & Pens Code § 23-406 (2019) (N/A)
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(a)    The Board of Trustees shall reduce a member’s allowance if the member:

(1)    received any accumulated contributions, other than additional contributions, in connection with a prior separation from employment;

(2)    is credited with prior eligibility service; and

(3)    does not repay, with interest to the date of retirement, the amount received.

(b)    A reduction under subsection (a) of this section shall equal the actuarial equivalent of the amount, including interest, that is not repaid.