form 5: application for withdrawal of accumulated ... · pdf filemaryland state retirement...
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MARYLAND STATE RETIREMENT AGENCY120 EAST BALTIMORE STREET
BALTIMORE, MARYLAND 21202-6700
APPLICATION FOR WITHDRAWAL
OF ACCUMULATED CONTRIBUTIONS RETIREMENT USE ONLY Form 5 (REV. 7/16)
Purpose of this form: This form is used by an individual to request a withdrawal of his or her balance of
accumulated contributions from the Maryland State Retirement and Pension System (System). An individual
is eligible to request a withdrawal only if he or she has resigned or has been terminated from the position
which made the person eligible to participate in the System. If you have not resigned your position or you
have not been terminated from your position you are not eligible to withdraw your balance of accumulated
contributions from the System.
INSTRUCTIONS
For assistance in completing this form, please view the training video on the Maryland State Retirement
Agency’s website at sra.maryland.gov. This video provides important information and step-by-step instructions
for properly completing this form.
Please print in ink, using one space per letter or•
number and skip a space between words.
Keep a copy of the completed form for your•
records.
The original, completed form must be returned to•
the Maryland State Retirement Agency, 120 E.
Baltimore Street, Baltimore, Maryland 21202-
6700.
The top portion of this form (Section I) is to be•
completed by the person who is applying to with-
draw his or her balance of accumulated contribu-
tions from the System.
Your signature on this form must be notarized.•
Do not sign on the Member’s Signature line until•
you are in the presence of a Notary Public who
can notarize your signature.
If your resignation/termination date is less than•
six months from the date that you are completing
and submitting this form, a representative from
your former employer’s human resources depart-
ment must complete the bottom portion of the
form (Section II), titled “To be completed by the
Retirement Coordinator,” before you submit the
completed form to the Retirement Agency.
A signed copy of Form 746 Acknowledgement of•
Receipt Special Tax Notice Regarding YourRollover Options must be submitted with this
form.
If you choose Refund Choice No. 1 you do not•
need to complete the Form 193 Trustee-to-Trustee Distribution Form for Rollovers.
If you choose Refund Choice No. 2 or Refund•
Choice No. 3 a completed copy of the Form 193
Trustee-to-Trustee Distribution Form forRollovers must be submitted with this form.
Please allow up to 90 days from the latter of the•
Retirement Agency’s receipt of your payroll con-
tribution (the last pay period from your resigna-
tion/termination) or the receipt of your properly
completed forms for the Retirement Agency to
process your request. Refund checks are print-
ed and mailed on the last day of each month.
Refunds are paid by paper checks which are•
mailed to the address that you provide on this
form. Note: Even if you requested to roll over all
or a portion of your refund, all checks are mailed
to you at the address provided on this form.
The Retirement Agency will withhold federal•
taxes equal to 20% and Maryland state taxes
(only if you are a Maryland resident) equal to
7.75% of the refund amount not rolled over to
another qualified retirement plan.
If, after reviewing the training video, you need•
additional assistance to complete this form, you
may call 410-625-5555 or toll-free 1-800-492-
5909.
FORM 5 (7/16) Page 1 of 2
NAME
First Initial Last
Number and Street
Retirement Coordinator Signature Date Telephone Number
Name of the Employing Agency at Resignation/Termination Email Address
Daytime Telephone Number
A rollover of after-tax amounts is only permitted to an IRA or as a direct rollover to a 401(a) plan or 403(b) annuity that agrees to separately account for the after-tax amounts. Any employer pick-up contributions transferred under payment choices 2 or 3 lose their post tax status for Maryland income tax purposes. Mandatoryfederal income tax withholding is at the rate of 20% on the taxable amount paid to you.
PLEASE READ THE FREQUENTLY ASKED QUESTIONS AND SPECIAL TAX NOTICE BEFORE SELECTING YOUR CHOICE. CHECK ONE:
RETIREMENT COORDINATOR COMPLETES THIS SECTION EMPLOYING AGENCY NAME: ______________________________________
This member’s resignation/termination date is: ______________ This member’s pay period ending date is: ______________Section 828 of the Pension Protection Act of 2006 provides for a waiver of the ten percent (10%) early withdrawal penalty tax on certain distributions
by pension plans to qualified public safety employees. Qualified public safety employees are defined by the Act as any employee of a State or political
subdivision of a State who provides police protection, fire-fighting services or emergency medical services. Does this member or former member meet
the definition of a qualified public safety employee with respect to his/her employment with you? _____ Yes _____ NoI certify that the above information regarding resignation/termination date and eligibility under section 828 of the Pension Protection Act is true andaccurate to the best of my knowledge and that I am authorized to certify this information by my employer.
____________________________________________ _________________ _(______)____________________________
TO THE BOARD OF TRUSTEES: I apply for the withdrawal of my accumulated contributions with interest earned and thereby terminate my membership in the MarylandState Retirement and Pension System and forfeit any further right to receive a future benefit, including disability retirement benefits. I have read and under-stand the Summary of Major Retirement Benefits. I have read and signed the enclosed Special Tax Notice Regarding Plan Payments (IRS Safe Harbor Explanation).
SOCIAL SECURITY NUMBER
HOME ADDRESS
City State ZIP Code-
- -
- -
Refund $__________________ to me. Balance trans-ferred to an “eligible retirement plan” (Traditional IRA,401(a) plan, 403(a) or (b) annuity, 408A Roth IRA or457(b) governmental plan.) (If transferring to a 457(b)governmental plan or 403(a) annuity plan, the mini-mum payable to me is the non-taxable amount, if any.)
REFUND CHOICE NO. 2(Complete Form 193)
Entire amount transferred to an “eligible retirementplan” (Traditional IRA, 401(a) plan, 403(a) or (b)annuity, 408A Roth IRA or 457(b) governmentalplan.) Both 457(b) governmental plans and 403(a)annuity plans prohibit a rollover of non-taxablefunds from this plan.)
Entire amount refundedto me.
REFUND CHOICE NO. 1REFUND CHOICE NO. 3
(Complete Form 193)
Member’s Signature (Must sign in presence of notary)______________________________________________ Date _________________
Month Day Year
DATE OF BIRTH
- -
Are you a resident of Maryland? No ___ Yes ___ (For Maryland residents, State income tax withholding of 7.75% will be withheld from the taxable amount paid to you.)
Resignation/Termination Date:
Have you submitted a claim for disability? No ___ Yes ___ If Yes, know that by completing and submitting this form, you are forfeiting all rights to a future benefit,including disability, and your disability claim will be terminated.Are you terminating from an approved leave of absence and from employment? No ___ Yes ___ If Yes, give date terminated: Are you transferring to a State Agency, County Board of Education, or Participating Governmental Unit? No ___ Yes ___If yes, give name of new employing agency ________________________________________________________________
Mo. Day Yr.
- -
Mo. Day Yr.
- -
If date entered is less than six months from date this form is signed, return completedform to your former employer’s retirement coordinator to complete bottom section.
FORM 5 (7/16) Page 2 of 2
SECTION I — To be completed by the Withdrawal Applicant
SECTION II — To be completed by the Retirement Coordinator
IMPO
RTA
NT:
PLE
ASE
REA
D “
SUM
MA
RY
OF
MA
JOR
RET
IREM
ENT
BEN
EFIT
S”
BEN
EFIT
S
S
YST
EMS
N
on-C
ontri
buto
ry /C
ontri
buto
ry
Pens
ion
Syst
em
Alte
rnat
e C
ontri
buto
ry
Pens
ion
Sele
ctio
n Pl
an –
enr
olle
d be
fore
7/1
/201
1
Ref
orm
ed C
ontri
buto
ry P
ensi
on
Ben
efit
– En
rolle
d on
or a
fter J
uly
1, 2
011
Ret
irem
ent S
yste
m –
Not
e:
Bifu
rcat
ed m
embe
rs a
re in
the
Retir
emen
t Sys
tem
but
rece
ive
a co
mbi
natio
n be
nefit
from
bot
h th
e Re
tirem
ent &
app
licab
le P
ensi
on S
yste
m
Serv
ice
Ret
irem
ent
El
igib
ility
For
mul
a
Mem
bers
enr
olle
d pr
ior t
o 7/
1/20
11:
Age
62
with
at l
east
5 y
ears
of e
ligib
ility
se
rvic
e, O
R
Age
63
with
at l
east
4 y
ears
of e
ligib
ility
se
rvic
e, O
R
Age
64
with
at l
east
3 y
ears
of e
ligib
ility
se
rvic
e, O
R
Age
65
or o
lder
with
at l
east
2 y
ears
of
elig
ibili
ty se
rvic
e, O
R
At l
east
30
year
s of e
ligib
ility
serv
ice
rega
rdle
ss o
f age
. M
embe
rs e
nrol
led
7/1/
2011
or l
ater
: Se
e R
efor
med
Con
tribu
tory
Pen
sion
se
ctio
n N
on-C
ontri
buto
ry P
ensi
on:
.8%
of
aver
age
final
com
pens
atio
n up
to S
ocia
l Se
curit
y in
tegr
atio
n le
vel,
plus
1.5
% o
f av
erag
e fin
al c
ompe
nsat
ion
in e
xces
s of
the
Soci
al S
ecur
ity In
tegr
atio
n Le
vel,
times
cre
dita
ble
serv
ice.
C
ontri
buto
ry P
ensi
on: 1
.2%
of a
vera
ge
final
com
pens
atio
n tim
es se
rvic
e cr
edit
as
of Ju
ne 3
0, 1
998,
plu
s 1.4
% o
f ave
rage
fin
al c
ompe
nsat
ion
times
cre
dita
ble
serv
ice
earn
ed a
fter J
une
30, 1
998.
Age
62
with
at l
east
5 y
ears
of e
ligib
ility
se
rvic
e, O
R
Age
63
with
at l
east
4 y
ears
of e
ligib
ility
se
rvic
e, O
R
Age
64
with
at l
east
3 y
ears
of e
ligib
ility
se
rvic
e, O
R
Age
65
or o
lder
with
at l
east
2 y
ears
of
elig
ibili
ty se
rvic
e, O
R
At l
east
30
year
s of e
ligib
ility
serv
ice
rega
rdle
ss o
f age
. 1.
2% o
f ave
rage
fina
l com
pens
atio
n tim
es c
redi
tabl
e se
rvic
e as
of J
une
30,
1998
, plu
s 1.8
% o
f ave
rage
fina
l co
mpe
nsat
ion
afte
r Jun
e 30
, 199
8.
Age
65
with
at l
east
10
year
s of
el
igib
ility
serv
ice,
OR
R
ule
of 9
0 (s
um o
f age
and
elig
ibili
ty
serv
ice
equa
l 90)
. 1.
5% o
f ave
rage
fina
l com
pens
atio
n tim
es c
redi
tabl
e se
rvic
e.
At l
east
age
60,
rega
rdle
ss o
f cre
dita
ble
serv
ice,
OR
A
t lea
st 3
0 ye
ars o
f cre
dita
ble
serv
ice,
re
gard
less
of a
ge.
1.8%
of a
vera
ge fi
nal c
ompe
nsat
ion
times
cre
dita
ble
serv
ice.
BEN
EFIT
S
S
YST
EMS
N
on-C
ontri
buto
ry /C
ontri
buto
ry
Pens
ion
Syst
em
Alte
rnat
e C
ontri
buto
ry
Pens
ion
Sele
ctio
n Pl
an –
enr
olle
d be
fore
7/1
/201
1
Ref
orm
ed C
ontri
buto
ry P
ensi
on
Ben
efit
– En
rolle
d on
or a
fter J
uly
1, 2
011
Ret
irem
ent S
yste
m –
Not
e:
Bifu
rcat
ed m
embe
rs a
re in
the
Retir
emen
t Sys
tem
but
rece
ive
a co
mbi
natio
n be
nefit
from
bot
h th
e Re
tirem
ent &
app
licab
le P
ensi
on S
yste
m
Ear
ly
Ret
irem
ent
El
igib
ility
E
arly
R
etir
emen
t
Form
ula
Mem
ber e
nrol
led
prio
r to
7/1/
2011
: A
t lea
st a
ge 5
5 w
ith a
t lea
st 1
5 ye
ars o
f el
igib
ility
serv
ice.
M
embe
r enr
olle
d 7/
1/20
11 o
r lat
er:
At l
east
age
60
with
at l
east
15
year
s of
elig
ibili
ty se
rvic
e M
embe
r enr
olle
d pr
ior t
o 7/
1/20
11:
Sam
e as
serv
ice
retir
emen
t for
mul
a, b
ut
redu
ced
.005
tim
es th
e nu
mbe
r of m
onth
s to
age
62.
Max
imum
redu
ctio
n of
42%
. M
embe
r enr
olle
d 7/
1/20
11 a
nd la
ter:
Sam
e as
serv
ice
retir
emen
t for
mul
a, b
ut
redu
ced
.005
tim
es th
e nu
mbe
r of m
onth
s to
age
65.
Max
imum
redu
ctio
n of
30%
.
At l
east
age
55
with
at l
east
15
year
s of
elig
ibili
ty se
rvic
e.
Sam
e as
serv
ice
retir
emen
t for
mul
a, b
ut
redu
ced
.005
tim
es th
e nu
mbe
r of m
onth
s to
age
62.
Max
imum
redu
ctio
n of
42%
. Fo
r mem
bers
who
ear
n se
rvic
e cr
edit
on a
te
n m
onth
bas
is, t
he re
duct
ion
is .0
06 fo
r ea
ch m
onth
prio
r to
age
62.
At l
east
age
60
with
at l
east
15
year
s of
elig
ibili
ty se
rvic
e.
Sam
e as
serv
ice
retir
emen
t for
mul
a, b
ut
redu
ced
.005
tim
es th
e nu
mbe
r of m
onth
s to
age
65.
Max
imum
redu
ctio
n of
30%
. Fo
r mem
bers
who
ear
n se
rvic
e cr
edit
on a
te
n m
onth
bas
is, t
he re
duct
ion
is .0
06 fo
r ea
ch m
onth
prio
r to
age
65.
At l
east
25
year
s of c
redi
tabl
e se
rvic
e.
Sam
e as
serv
ice
retir
emen
t for
mul
a, b
ut
redu
ced
.005
tim
es th
e le
sser
of t
he
num
ber o
f mon
ths t
o ag
e 60
or 3
0 ye
ars
of se
rvic
e. F
or m
embe
rs w
ho e
arn
serv
ice
cred
it on
a te
n m
onth
bas
is, t
he re
duct
ion
is .0
06 fo
r eac
h m
onth
prio
r to
30 y
ears
.
Ves
ted
Serv
ice
Ret
irem
ent
Elig
ibili
ty
For
mul
a
Mem
ber e
nrol
led
prio
r to
7/1/
2011
: A
t lea
st 5
yea
rs o
f elig
ibili
ty se
rvic
e.
Mem
ber e
nrol
led
7/1/
2011
or l
ater
: A
t lea
st 1
0 ye
ars o
f elig
ibili
ty se
rvic
e.
Mem
ber e
nrol
led
prio
r to
7/1/
2011
: Sa
me
as se
rvic
e fo
rmul
a w
ith b
enef
its
begi
nnin
g at
age
62,
OR
an
early
serv
ice
retir
emen
t if e
ligib
le.
Mem
ber e
nrol
led
7/1/
2011
or l
ater
: Sa
me
as se
rvic
e fo
rmul
a w
ith b
enef
its
begi
nnin
g at
age
65,
OR
an
early
serv
ice
retir
emen
t if e
ligib
le.
At l
east
5 y
ears
of e
ligib
ility
serv
ice.
Sa
me
as se
rvic
e fo
rmul
a w
ith b
enef
its
begi
nnin
g at
age
62,
OR
an
early
serv
ice
retir
emen
t if e
ligib
le.
At l
east
10
year
s of e
ligib
ility
serv
ice.
Sa
me
as se
rvic
e fo
rmul
a w
ith b
enef
its
begi
nnin
g at
age
65,
OR
an
early
serv
ice
retir
emen
t if e
ligib
le.
At l
east
5 y
ears
of e
ligib
ility
serv
ice.
Sa
me
as se
rvic
e fo
rmul
a w
ith b
enef
its
begi
nnin
g at
age
60.
BEN
EFIT
S
S
YST
EMS
N
on-C
ontri
buto
ry /C
ontri
buto
ry
Pens
ion
Syst
em
Alte
rnat
e C
ontri
buto
ry
Pens
ion
Sele
ctio
n Pl
an –
enr
olle
d be
fore
7/1
/201
1
Ref
orm
ed C
ontri
buto
ry P
ensi
on
Ben
efit
– En
rolle
d on
or a
fter J
uly
1, 2
011
Ret
irem
ent S
yste
m –
Not
e:
Bifu
rcat
ed m
embe
rs a
re in
the
Retir
emen
t Sys
tem
but
rece
ive
a co
mbi
natio
n be
nefit
from
bot
h th
e Re
tirem
ent &
app
licab
le P
ensi
on S
yste
m
Ord
inar
y D
isab
ility
R
etir
emen
t E
ligib
ility
F
orm
ula
Perm
anen
tly d
isab
led
afte
r 5 y
ears
of
elig
ibili
ty se
rvic
e.
Mem
ber e
nrol
led
prio
r to
7/1/
2011
: Sa
me
as se
rvic
e re
tirem
ent f
orm
ula
usin
g cr
edita
ble
serv
ice
proj
ecte
d to
age
62.
M
embe
r enr
olle
d pr
ior t
o 7/
1/20
11:
Sam
e as
serv
ice
retir
emen
t for
mul
a us
ing
cred
itabl
e se
rvic
e pr
ojec
ted
to a
ge 6
5.
Perm
anen
tly d
isab
led
afte
r 5 y
ears
of
elig
ibili
ty se
rvic
e.
Sam
e as
serv
ice
retir
emen
t for
mul
a us
ing
cred
itabl
e se
rvic
e pr
ojec
ted
to a
ge 6
2.
Perm
anen
tly d
isab
led
afte
r 5 y
ears
of
elig
ibili
ty se
rvic
e.
Sam
e as
serv
ice
retir
emen
t for
mul
a us
ing
cred
itabl
e se
rvic
e pr
ojec
ted
to a
ge 6
5.
Perm
anen
tly d
isab
led
afte
r 5 y
ears
of
elig
ibili
ty se
rvic
e.
Sam
e as
serv
ice
retir
emen
t for
mul
a w
ith
a m
inim
um o
f 25%
of a
vera
ge fi
nal
com
pens
atio
n or
a fo
rmul
a us
ing
cred
itabl
e se
rvic
e pr
ojec
ted
to a
ge 6
0.
Acc
iden
tal
Dis
abili
ty
Ret
irem
ent
Elig
ibili
ty
Acc
iden
tal
Dis
abili
ty
Ret
irem
ent
Fo
rmul
a
Perm
anen
tly a
nd to
tally
dis
able
d by
an
acci
dent
in th
e pe
rfor
man
ce o
f dut
y.
2/3
of a
vera
ge fi
nal c
ompe
nsat
ion
plus
ac
cum
ulat
ed c
ontri
butio
ns p
aid
as a
n an
nuity
.
Perm
anen
tly a
nd to
tally
dis
able
d by
an
acci
dent
in th
e pe
rfor
man
ce o
f dut
y.
2/3
of a
vera
ge fi
nal c
ompe
nsat
ion
plus
ac
cum
ulat
ed c
ontri
butio
ns p
aid
as a
n an
nuity
.
Perm
anen
tly a
nd to
tally
dis
able
d by
an
acci
dent
in th
e pe
rfor
man
ce o
f dut
y.
2/3
of a
vera
ge fi
nal c
ompe
nsat
ion
plus
ac
cum
ulat
ed c
ontri
butio
ns p
aid
as a
n an
nuity
.
Perm
anen
tly a
nd to
tally
dis
able
d by
an
acci
dent
in th
e pe
rfor
man
ce o
f dut
y.
2/3
of a
vera
ge fi
nal c
ompe
nsat
ion
plus
ac
cum
ulat
ed c
ontri
butio
ns p
aid
as a
n an
nuity
.
BEN
EFIT
S
S
YST
EMS
N
on-C
ontri
buto
ry /C
ontri
buto
ry
Pens
ion
Syst
em
Alte
rnat
e C
ontri
buto
ry
Pens
ion
Sele
ctio
n Pl
an –
enr
olle
d be
fore
7/1
/201
1
Ref
orm
ed C
ontri
buto
ry P
ensi
on
Ben
efit
– En
rolle
d on
or a
fter J
uly
1, 2
011
Ret
irem
ent S
yste
m –
Not
e:
Bifu
rcat
ed m
embe
rs a
re in
the
Retir
emen
t Sys
tem
but
rece
ive
a co
mbi
natio
n be
nefit
from
bot
h th
e Re
tirem
ent &
app
licab
le P
ensi
on S
yste
m
Cos
t-of
-Liv
ing
Adj
ustm
ent t
o R
etir
emen
t B
enef
it E
ligib
ility
Form
ula
Ret
ired
at le
ast 1
yea
r as o
f Jul
y 1st
. M
embe
r enr
olle
d pr
ior t
o 7/
1/20
11:
Any
ann
ual a
djus
tmen
t bas
ed o
n ch
ange
s in
the
Con
sum
er P
rice
Inde
x. A
ny a
nnua
l ad
just
men
t lim
ited
to a
max
imum
of 3
%
of th
e in
itial
/cur
rent
(for
non
-C
ontri
buto
ry/C
ontri
buto
ry p
lan)
re
tirem
ent b
enef
it fo
r ser
vice
cre
dit
earn
ed b
y 7/
1/20
11. S
ervi
ce a
fter
7/1/
2011
ear
ns a
djus
tmen
t cap
ped
at
2.5%
if a
ssum
ed ra
te o
f ret
urn
for
inve
stm
ents
in p
rior c
alen
dar y
ear i
s met
ot
herw
ise
1% if
inve
stm
ent t
arge
t not
m
et.
Mem
ber e
nrol
led
7/1/
2011
or l
ater
: A
ny a
nnua
l adj
ustm
ent b
ased
on
Con
sum
er P
rice
Inde
x. L
imite
d to
2.5
%
if as
sum
ed ra
te o
f ret
urn
for i
nves
tmen
ts
is p
rior c
alen
dar y
ear m
et o
ther
wis
e 1%
if
inve
stm
ent t
arge
t not
met
.
Ret
ired
at le
ast 1
yea
r as o
f Jul
y 1st
. A
ny a
nnua
l adj
ustm
ent b
ased
on
chan
ges
in th
e C
onsu
mer
Pric
e In
dex.
Any
ann
ual
adju
stm
ent l
imite
d to
a m
axim
um o
f 3%
of
the
curr
ent r
etire
men
t ben
efit
for
serv
ice
cred
it ea
rned
by
7/1/
2011
. Se
rvic
e af
ter 7
/1/2
011
earn
s adj
ustm
ent
capp
ed a
t 2.5
% if
ass
umed
rate
of r
etur
n fo
r inv
estm
ents
in p
rior c
alen
dar y
ear i
s m
et o
ther
wis
e 1%
if in
vest
men
t tar
get n
ot
met
.
Ret
ired
at le
ast 1
yea
r as o
f Jul
y 1st
. A
ny a
nnua
l adj
ustm
ent b
ased
on
Con
sum
er P
rice
Inde
x. C
appe
d at
2.5
% if
as
sum
ed ra
te o
f ret
urn
for i
nves
tmen
ts is
pr
ior c
alen
dar y
ear m
et o
ther
wis
e 1%
if
inve
stm
ent t
arge
t not
met
.
Ret
ired
at le
ast 1
yea
r as o
f Jul
y 1st
. A
ny a
nnua
l adj
ustm
ent b
ased
on
Con
sum
er P
rice
Inde
x. U
nlim
ited
annu
al
adju
stm
ent f
or P
lan
A; m
axim
um o
f 5%
fo
r Pla
n B
; and
a c
ombi
natio
n fo
r Pla
n C
ba
sed
upon
pre
viou
s and
cur
rent
pla
ns o
f pa
rtici
patio
n.
Dea
th B
enef
its –
If
you
die
bef
ore
retir
emen
t whi
le
activ
ely
empl
oyed
or
whi
le o
n an
ap
prov
ed le
ave
of
abse
nce
and
you
have
at l
east
one
ye
ar o
f elig
ibili
ty.
Ben
efic
iary
may
re
ceiv
e:
(1) a
sing
le p
aym
ent o
f you
r acc
umul
ated
co
ntrib
utio
ns p
lus y
our a
nnua
l sal
ary.
If
you
r sol
e pr
imar
y be
nefic
iary
is y
our
spou
se, t
he sp
ouse
may
cho
ose
a m
onth
ly
allo
wan
ce in
stea
d of
the
abov
e be
nefit
, if
you:
(1) w
ere
elig
ible
to re
tire;
or (
2) h
ad
25 y
ears
of e
ligib
ility
serv
ice,
or (
3) w
ere
age
55 o
r old
er a
nd h
ad a
t lea
st 1
5 ye
ars
of e
ligib
ility
serv
ice.
If
you
are
kill
ed in
the
line
of d
uty,
di
ffer
ent b
enef
its a
re p
aid
to y
our e
ligib
le
spou
se, m
inor
chi
ldre
n, o
r dep
ende
nt
pare
nt.
(1) a
sing
le p
aym
ent o
f you
r acc
umul
ated
co
ntrib
utio
ns p
lus y
our a
nnua
l sal
ary.
If
you
r sol
e pr
imar
y be
nefic
iary
is y
our
spou
se, t
he sp
ouse
may
cho
ose
a m
onth
ly
allo
wan
ce in
stea
d of
the
abov
e be
nefit
, if
you:
(1) w
ere
elig
ible
to re
tire;
or (
2) h
ad
25 y
ears
of e
ligib
ility
serv
ice,
or (
3) w
ere
age
55 o
r old
er a
nd h
ad a
t lea
st 1
5 ye
ars
of e
ligib
ility
serv
ice.
If
you
are
kill
ed in
the
line
of d
uty,
di
ffer
ent b
enef
its a
re p
aid
to y
our e
ligib
le
spou
se, m
inor
chi
ldre
n, o
r dep
ende
nt
pare
nt.
(1) a
sing
le p
aym
ent o
f you
r ac
cum
ulat
ed c
ontri
butio
ns p
lus y
our
annu
al sa
lary
. If
you
r sol
e pr
imar
y be
nefic
iary
is y
our
spou
se, t
he sp
ouse
may
cho
ose
a m
onth
ly
allo
wan
ce in
stea
d of
the
abov
e be
nefit
, if
you:
(1) w
ere
elig
ible
to re
tire;
or (
2) h
ad
25 y
ears
of e
ligib
ility
serv
ice,
or (
3) w
ere
age
55 o
r old
er a
nd h
ad a
t lea
st 1
5 ye
ars
of e
ligib
ility
serv
ice.
If
you
are
kill
ed in
the
line
of d
uty,
di
ffer
ent b
enef
its a
re p
aid
to y
our e
ligib
le
spou
se, m
inor
chi
ldre
n, o
r dep
ende
nt
pare
nt.
(1) a
sing
le p
aym
ent o
f you
r acc
umul
ated
co
ntrib
utio
ns p
lus y
our a
nnua
l sal
ary.
If
you
r sol
e pr
imar
y be
nefic
iary
is y
our
spou
se, t
he sp
ouse
may
cho
ose
a m
onth
ly
allo
wan
ce in
stea
d of
the
abov
e be
nefit
, if
you:
(1) w
ere
elig
ible
to re
tire;
or (
2) h
ad
25 y
ears
of c
redi
tabl
e se
rvic
e, o
r (3)
wer
e ag
e 55
or o
lder
and
had
at l
east
15
year
s of
cre
dita
ble
serv
ice.
If
you
are
kill
ed in
the
line
of d
uty,
di
ffer
ent b
enef
its a
re p
aid
to y
our e
ligib
le
spou
se, m
inor
chi
ldre
n, o
r dep
ende
nt
pare
nt.
POL
ICE
PL
AN
S ST
ATE
PO
LIC
E R
ETIR
EMEN
T SY
STEM
1.
S
ervi
ce R
etir
emen
t: a
t age
50,
or w
ith 2
2 ye
ars (
25 y
ears
for m
embe
rs e
nrol
led
7/1/
2011
or l
ater
) of e
ligib
ility
serv
ice.
2.
V
este
d R
etir
emen
t: a
t age
50
if yo
u ha
ve a
t lea
st 5
yea
rs (1
0 ye
ars f
or m
embe
rs e
nrol
led
7/1/
2011
or l
ater
) of e
ligib
ility
serv
ice.
3.
O
rdin
ary
Dis
abili
ty R
etir
emen
t: If
you
are
per
man
ently
inca
paci
tate
d w
ith a
t lea
st 5
yea
rs o
f elig
ibili
ty se
rvic
e, re
gard
less
of a
ge.
4.
Spe
cial
Dis
abili
ty R
etir
emen
t: If
you
are
per
man
ently
inca
paci
tate
d in
the
perf
orm
ance
of d
uty,
rega
rdle
ss o
f age
or c
redi
tabl
e se
rvic
e.
5.
Cos
t-of
-Liv
ing
Adj
ustm
ent t
o R
etir
emen
t Ben
efit:
Mus
t be
retir
ed a
t lea
st o
ne y
ear a
s of J
uly
1. A
ny a
nnua
l adj
ustm
ent b
ased
on
chan
ges i
n th
e C
onsu
mer
Pric
e In
dex.
Any
ann
ual
adju
stm
ent u
nlim
ited
for s
ervi
ce c
redi
t ear
ned
by 7
/1/2
011.
Ser
vice
afte
r 7/1
/201
1 ea
rns a
djus
tmen
t cap
ped
at 2
.5%
if a
ssum
ed ra
te o
f ret
urn
for i
nves
tmen
ts in
prio
r cal
enda
r yea
r is m
et
othe
rwis
e 1%
if in
vest
men
t tar
get n
ot m
et.
CO
RR
ECTI
ON
AL
OFF
ICER
S’ R
ETIR
EMEN
T SY
STEM
1.
Se
rvic
e R
etir
emen
t: a
t age
55
for a
cor
rect
iona
l off
icer
in th
e fir
st si
x jo
b cl
assi
ficat
ions
; a d
eten
tion
cent
er o
ffic
er e
mpl
oyed
by
a pa
rtici
patin
g go
vern
men
tal u
nit;
a m
embe
r ser
ving
as
a co
rrec
tiona
l die
tary
, mai
nten
ance
, lau
ndry
, or s
uppl
y of
ficer
; a m
embe
r ser
ving
as a
Mar
ylan
d C
orre
ctio
nal E
nter
pris
es o
ffic
er, o
ffic
er tr
aine
e, p
lant
supe
rvis
or, p
lant
man
ager
, or
regi
onal
man
ager
, OR
at a
ge 6
0 fo
r a se
curit
y at
tend
ant a
t the
Clif
ton
T. P
erki
ns H
ospi
tal C
ente
r. O
R, h
ave
20 y
ears
of e
ligib
ility
serv
ice,
the
last
five
yea
rs o
f whi
ch m
ust b
e as
a
mem
ber i
n on
e of
the
clas
sific
atio
ns li
sted
abo
ve.
2.
Ves
ted
Ret
irem
ent:
Req
uire
s at l
east
5 y
ears
(10
year
s for
mem
bers
enr
olle
d 7/
1/20
11 o
r lat
er) o
f elig
ibili
ty se
rvic
e.
3.
Ord
inar
y D
isab
ility
Ret
irem
ent:
If y
ou a
re p
erm
anen
tly in
capa
cita
ted
with
at l
east
5 y
ears
of e
ligib
ility
serv
ice,
rega
rdle
ss o
f age
. 4.
A
ccid
enta
l Dis
abili
ty R
etir
emen
t: If
you
are
per
man
ently
inca
paci
tate
d in
the
perf
orm
ance
of d
uty,
rega
rdle
ss o
f age
or c
redi
tabl
e se
rvic
e.
5.
Cos
t-of
-Liv
ing
Adj
ustm
ent t
o R
etir
emen
t Ben
efit:
Mus
t be
retir
ed a
t lea
st o
ne y
ear a
s of J
uly
1. A
ny a
nnua
l adj
ustm
ent b
ased
on
chan
ges i
n th
e C
onsu
mer
Pric
e In
dex.
Any
ann
ual
adju
stm
ent u
nlim
ited
for s
ervi
ce c
redi
t ear
ned
by 7
/1/2
011.
Ser
vice
afte
r 7/1
/201
1 ea
rns a
djus
tmen
t cap
ped
at 2
.5%
if a
ssum
ed ra
te o
f ret
urn
for i
nves
tmen
ts in
prio
r cal
enda
r yea
r is m
et
othe
rwis
e 1%
if in
vest
men
t tar
get n
ot m
et.
LAW
EN
FOR
CEM
ENT
OFF
ICER
S’ P
ENSI
ON
PLA
N
1.
Serv
ice
Ret
irem
ent:
at a
ge 5
0 or
with
25
year
s of e
ligib
ility
serv
ice.
2.
V
este
d R
etir
emen
t: a
t age
50
with
at l
east
5 y
ears
(10
year
s for
mem
bers
enr
olle
d 7/
1/20
11 o
r lat
er) o
f elig
ibili
ty se
rvic
e.
3.
Ord
inar
y D
isab
ility
Ret
irem
ent:
If y
ou a
re p
erm
anen
tly in
capa
cita
ted
with
at l
east
5 y
ears
of e
ligib
ility
serv
ice,
rega
rdle
ss o
f age
. 4.
A
ccid
enta
l Dis
abili
ty R
etir
emen
t: If
you
are
per
man
ently
inca
paci
tate
d in
the
perf
orm
ance
of d
uty,
rega
rdle
ss o
f age
or c
redi
tabl
e se
rvic
e.
5.
Cos
t-of
-Liv
ing
Adj
ustm
ent t
o R
etir
emen
t Ben
efit:
Mus
t be
retir
ed a
t lea
st o
ne y
ear a
s of J
uly
1. A
ny a
nnua
l adj
ustm
ent b
ased
on
chan
ges i
n th
e C
onsu
mer
Pric
e In
dex.
Any
ann
ual
adju
stm
ent l
imite
d to
a m
axim
um o
f 3%
of t
he c
urre
nt re
tirem
ent b
enef
it fo
r ser
vice
cre
dit e
arne
d by
7/1
/201
1. S
ervi
ce a
fter 7
/1/2
011
earn
s adj
ustm
ent c
appe
d at
2.5
% if
ass
umed
rate
of
retu
rn fo
r inv
estm
ents
in p
rior c
alen
dar y
ear i
s met
oth
erw
ise
1% if
inve
stm
ent t
arge
t not
met
.
O
TH
ER
RE
TIR
EM
EN
T S
YST
EM
S JU
DG
ES’ R
ETIR
EMEN
T SY
STEM
1.
Fo
r an
indi
vidu
al w
ho w
as a
mem
ber o
f the
Judg
es’ R
etire
men
t Sys
tem
on
or b
efor
e Ju
ne 3
0, 2
012:
a.
A
Ret
irem
ent A
llow
ance
if: (
1) Y
ou a
re a
t lea
st a
ge 6
0 re
gard
less
of t
he y
ears
of c
redi
tabl
e se
rvic
e as
a ju
dge
or (2
) You
resi
gn b
ecau
se o
f an
inca
paci
tatin
g ill
ness
rega
rdle
ss o
f age
or
yea
rs o
f cre
dita
ble
serv
ice
as a
judg
e.
b.
A V
este
d R
etir
emen
t Allo
wan
ce: A
t age
60
if yo
u le
ave
your
acc
umul
ated
con
tribu
tions
on
depo
sit w
ith th
e M
aryl
and
Stat
e R
etire
men
t Age
ncy.
2.
Fo
r an
indi
vidu
al w
ho w
as a
mem
ber o
f the
Judg
es’ R
etire
men
t Sys
tem
on
or a
fter J
uly
1, 2
012:
a.
A
Ret
irem
ent A
llow
ance
if: (
1) Y
ou a
re a
t lea
st a
ge 6
0 an
d ha
ve a
t lea
st fi
ve y
ears
of e
ligib
ility
serv
ice
or (2
) You
resi
gn b
ecau
se o
f an
inca
paci
tatin
g ill
ness
rega
rdle
ss o
f age
or
year
s of c
redi
tabl
e se
rvic
e as
a ju
dge.
b.
A
Ves
ted
Ret
irem
ent A
llow
ance
: At a
ge 6
0 if
you
have
at l
east
five
yea
rs o
f elig
ibili
ty se
rvic
e an
d if
you
leav
e yo
ur a
ccum
ulat
ed c
ontri
butio
ns o
n de
posi
t with
the
Mar
ylan
d St
ate
Ret
irem
ent A
genc
y.
LEG
ISLA
TIV
E PE
NSI
ON
SY
STEM
- Fo
r mem
bers
of t
he L
egis
lativ
e Pe
nsio
n Sy
stem
, ple
ase
call
the
Mar
ylan
d St
ate
Ret
irem
ent A
genc
y fo
r inf
orm
atio
n.
If y
ou w
ish
to a
pply
for
one
of th
e be
nefit
s, co
ntac
t you
r em
ploy
er’s
ret
irem
ent c
oord
inat
or o
r a
retir
emen
t ben
efits
spec
ialis
t at 4
10-6
25-5
555
or to
ll-fr
ee a
t 1-8
00-
492-
5909
for
the
appr
opri
ate
form
or
for
addi
tiona
l inf
orm
atio
n. K
eep
this
info
rmat
ion
for
your
rec
ords
.