Maryland § 24-306
Full text of Maryland Maryland Code § 24-306, with citation guidance and answers to common questions.
§ 24-306.
(a) A member may purchase service credit as provided in this section for periods of employment described in subsection (c) of this section for which the member is not otherwise entitled to service credit.
(b) (1) A member who purchases service credit under this section shall:
(i) complete a claim for the service credit and file it with the Board of Trustees on the form that the Board of Trustees provides; and
(ii) pay to the Board of Trustees an amount equal to the annuity reserve and pension reserve required to fund the additional allowance.
(2) The member shall pay for service credit purchased under this section in a single payment at retirement.
(c) A member may purchase service credit for a period of employment not exceeding 10 years for:
(1) federal service; or
(2) out-of-state service with a political subdivision.
Frequently Asked Questions About Maryland § 24-306
What does Maryland Code § 24-306 cover?
Section 24-306 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 24-306?
A common citation format is "Maryland Code § 24-306" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 24-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.