{"data":{"id":"us-md/md.-code-state-personnel-and-pensions-28-205","jurisdiction":"us-md","citation":"Md. Code, State Personnel and Pensions § 28–205","heading":"","body":"(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:\n(1) 4% a year, compounded annually, for a member who has transferred from the Employees’ Retirement System; or\n(2) 5% a year, compounded annually, for each other member.\n(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.","path":["Article - State Personnel and Pensions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsp\u0026section=28-205","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:07Z","sha256":"88be8704f482e6127e85064e8e2f271e314ae1c9dc6d3003d37193a3ddc3508b","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-personnel-and-pensions-28-204","next":"us-md/md.-code-state-personnel-and-pensions-28-206"},"notice":"GroundRules: Original legal text. Not legal advice."}