Md. Code, State Personnel and Pensions § 28-205

Md. Code, State Personnel and Pensions § 28-205
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) Except as provided in subsection (b) of this section, regular interest is payable on member contributions until retirement or withdrawal of accumulated contributions at the rate of: (1) 4% a year, compounded annually, for a member who has transferred from the Employees’ Retirement System; or (2) 5% a year, compounded annually, for each other member. (b) No further interest shall be paid on member contributions after membership ends if the former member is not eligible to receive a vested allowance under Title 29, Subtitle 3 of this article.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsp&section=28-205&enactments=falseFetched: 10/17/2026

Starting a business in Maryland? Maryland LLC guide: costs and requirements