Common use of STATE RETIREMENT AND PENSION SYSTEMS Clause in Contracts

STATE RETIREMENT AND PENSION SYSTEMS. A. All employees called up for military service should complete MD Retirement Agency Form 46, Qualified Leave of Absence Request or Notification of Military Service Entry." If a member has already been called up and cannot complete the form, the USM institution can submit it on behalf of the called-up employee. B. If an employee returns to work within one year of release from active duty and did not accept other permanent employment, the employee will be reinstated in the pension/retirement system and will receive service credit for the term of the military service. The employee does not need ten years of creditable service to claim service for military action that interrupts membership. The employee shall submit Form 43, "Claim of Retirement Credit for Active Duty Military Service" with the proper military documentation when the employee returns to work. C. Service credit will be given for up to five years of military service that interrupts membership. This is in addition to the five years for military credit for service prior to membership. D. An employee is not required to make up missed contributions. The member's missed contributions and institution's contribution costs are included in the annual valuation done by the actuary to determine the cost to institutions. E. Filing Date for Form 46, Qualified Leave of Absence Request or Notification of Military Service Entry.": 1. Military Leave Without Pay - the filing date on Form 46 shall be the date that the employee begins active duty. 2. Military Leave With Pay - the filing date on Form 46 shall be the date that the employee has exhausted all accrued leave and begins Leave Without Pay. F. Military Reserves –Killed in the Line of Duty or Disability while on Leave With Pay An employee who is killed in the line of duty or who sustains serious injuries, making it impossible for the member to return to work, and such death or injury occurs while on Leave With Pay Status, is entitled to the same death and disability benefits as an active employee. Surviving beneficiaries shall receive a lump sum payment of the annual salary plus contributions or, if the spouse law comes into effect a monthly check for life. If disabled during active duty military service, an employee still on Leave With Pay Status, may file for an ordinary disability benefit but not an accidental disability benefit. G. Military Reserves – Disability or Killed in the Line of Duty while on Leave Without Pay An employee killed in the line of duty, or who sustains serious injuries making it impossible to return to work, and such death or injury occurs while on Leave Without Pay Status, will not receive a death benefit or have the right to file for a disability benefit from the State Retirement Agency. If the employee should die, only the employee's contributions with interest will be paid to the beneficiary.

Appears in 1 contract

Samples: Memorandum of Understanding

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STATE RETIREMENT AND PENSION SYSTEMS. A. All employees called up for military service should complete MD Retirement Agency Form 46, "Application to be Placed on a Qualified Approved Leave of Absence Request or Notification of Military Service EntryAbsence." Although Form 46 is not formally for a leave of absence, it should be used to notify the Retirement Agency of the member's military activation. If a member has already been called up and cannot complete the form, the USM institution can submit it on behalf of the called-up employee. B. If an employee returns to work within one year of release from active duty and did not accept other permanent employment, the employee will be reinstated in the pension/retirement system and will receive service credit for the term of the military service. The employee does not need ten years of creditable service to claim service for military action that interrupts membership. The employee shall submit Form 43, "Claim of Retirement Credit for Active Duty Military Service" with the proper military documentation when the employee returns to work. C. Service credit will be given for up to five years of military service that interrupts membership. This is in addition to the five years for military credit for service prior to membership. D. An employee is not required to make up missed contributions. The member's missed contributions and institutionemployer's contribution costs are included in the annual valuation done by the actuary to determine the cost to institutionsemployers. E. Filing Date for Form 46, 46 "Application to be Placed on a Qualified Approved Leave of Absence Request or Notification of Military Service Entry.Absence": 1. Military Leave Without Pay - the filing date on Form 46 shall be the date that the employee begins active duty. 2. Military Leave With Pay - the filing date on Form 46 shall be the date that the employee has exhausted all accrued leave and begins Leave Without Pay. F. Military Reserves –Killed -Killed in the Line of Duty or Disability while on Leave With Pay An employee who is killed in the line of duty or who sustains serious injuries, making it impossible for the member to return to work, and such death or injury occurs while on Leave With Pay Status, is entitled to the same death and disability benefits as an active employee. Surviving beneficiaries shall receive a lump sum payment of the annual salary plus contributions or, if the spouse law comes into effect a monthly check for life. If disabled during active duty military service, an employee still on Leave With Pay Status, may file for an ordinary disability benefit but not an accidental disability benefit. G. Military Reserves – Disability or Killed in the Line of Duty while on Leave Without Pay An employee killed in the line of duty, or who sustains serious injuries making it impossible to return to work, and such death or injury occurs while on Leave Without Pay Status, will not receive a death benefit or have the right to file for a disability benefit from the State Retirement Agency. If the employee should die, only the employee's contributions with interest will be paid to the beneficiary.who

Appears in 1 contract

Samples: Memorandum of Understanding

STATE RETIREMENT AND PENSION SYSTEMS. A. All employees called up for military service should complete MD Retirement Agency Form 46, "Application to be Placed on a Qualified Approved Leave of Absence Request or Notification of Military Service EntryAbsence." Although Form 46 is not formally for a leave of absence, it should be used to notify the Retirement Agency of the member's military activation. If a member has already been called up and cannot complete the form, the USM institution can submit it on behalf of the called-up employee. B. If an employee returns to work within one year of release from active duty and did not accept other permanent employment, the employee will be reinstated in the pension/retirement system and will receive service credit for the term of the military service. The employee does not need ten years of creditable service to claim service for military action that interrupts membership. The employee shall submit Form 43, "Claim of Retirement Credit for Active Duty Military Service" with the proper military documentation when the employee returns to work. C. Service credit will be given for up to five years of military service that interrupts membership. This is in addition to the five years for military credit for service prior to membership. D. An employee is not required to make up missed contributions. The member's missed contributions and institutionemployer's contribution costs are included in the annual valuation done by the actuary to determine the cost to institutionsemployers. E. Filing Date for Form 46, 46 "Application to be Placed on a Qualified Approved Leave of Absence Request or Notification of Military Service Entry.Absence": 1. Military Leave Without Pay - the filing date on Form 46 shall be the date that the employee begins active duty. 2. Military Leave With Pay - the filing date on Form 46 shall be the date that the employee has exhausted all accrued leave and begins Leave Without Pay. F. Military Reserves –Killed in the Line of Duty or Disability while on Leave With Pay An employee who is killed in the line of duty or who sustains serious injuries, making it impossible for the member to return to work, and such death or injury occurs while on Leave With Pay Status, is entitled to the same death and disability benefits as an active employee. Surviving beneficiaries shall receive a lump sum payment of the annual salary plus contributions or, if the spouse law comes into effect a monthly check for life. If disabled during active duty military service, an employee still on Leave With Pay Status, may file for an ordinary disability benefit but not an accidental disability benefit. G. Military Reserves – Disability or Killed in the Line of Duty while on Leave Without Pay An employee killed in the line of duty, or who sustains serious injuries making it impossible to return to work, and such death or injury occurs while on Leave Without Pay Status, will not receive a death benefit or have the right to file for a disability benefit from the State Retirement Agency. If the employee should die, only the employee's contributions with interest will be paid to the beneficiary.

Appears in 1 contract

Samples: Memorandum of Understanding

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STATE RETIREMENT AND PENSION SYSTEMS. A. All employees called up for military service should complete MD Retirement Agency Form 46, "Application to be Placed on a Qualified Approved Leave of Absence Request or Notification of Military Service EntryAbsence." Although Form 46 is not formally for a leave of absence, it should be used to notify the Retirement Agency of the member's military activation. If a member has already been called up and cannot complete the form, the USM institution can submit it on behalf of the called-up employee. B. If an employee returns to work within one year of release from active duty and did not accept other permanent employment, the employee will be reinstated in the pension/retirement system and will receive service credit for the term of the military service. The employee does not need ten years of creditable service to claim service for military action that interrupts membership. The employee shall submit Form 43, "Claim of Retirement Credit for Active Duty Military Service" with the proper military documentation when the employee returns to work. C. Service credit will be given for up to five years of military service that interrupts membership. This is in addition to the five years for military credit for service prior to membership. D. An employee is not required to make up missed contributions. The member's missed contributions and institutionemployer's contribution costs are included in the annual valuation done by the actuary to determine the cost to institutionsemployers. E. Filing Date for Form 46, 46 "Application to be Placed on a Qualified Approved Leave of Absence Request or Notification of Military Service Entry.Absence": 1. Military Leave Without Pay - the filing date on Form 46 shall be the date that the employee begins active duty. 2. Military Leave With Pay - the filing date on Form 46 shall be the date that the employee has exhausted all accrued leave and begins Leave Without Pay. F. Military Reserves –Killed in the Line of Duty or Disability while on Leave With Pay An employee who is killed in the line of duty or who sustains serious injuries, making it impossible for the member to return to work, and such death or injury occurs while on Leave With Pay Status, is entitled to the same death and disability benefits as an active employee. Surviving beneficiaries shall receive a lump sum payment of the annual salary plus contributions or, if the spouse law comes into effect a monthly check for life. If disabled during active duty military service, an employee still on Leave With Pay Status, may file for an ordinary disability benefit but not an accidental disability benefit. G. Military Reserves – Disability or Killed in the Line of Duty while on Leave Without Pay An employee killed in the line of duty, or who sustains serious injuries making it impossible to return to work, and such death or injury occurs while on Leave Without Pay Status, will not receive a death benefit or have the right to file for a disability benefit from the State Retirement Agency. If the employee should die, only the employee's contributions with interest will be paid to the beneficiary.

Appears in 1 contract

Samples: Memorandum of Understanding

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