Maryland § 22-402

§ 22-402.

    (a)    A member may retire with an early service retirement allowance if:

        (1)    on or before the date of retirement, the member:

            (i)    has at least 25 but less than 30 years of eligibility service; and

            (ii)    is less than 60 years old; and

        (2)    the member completes and submits a written application to the Board of Trustees stating the date when the member desires to retire.

    (b)    On retirement under this section, a member is entitled to an early service retirement allowance that equals one fifty-fifth of the member's average final compensation multiplied by the number of years of creditable service reduced by 0.5% for each month by which the member's date of retirement precedes the earlier of:

        (1)    the date the member will be 60 years old; or

        (2)    the date the member would have completed 30 years of eligibility service had the member continued employment.