{"data":{"id":"us-md/md.-code-state-personnel-and-pensions-29-403","jurisdiction":"us-md","citation":"Md. Code, State Personnel and Pensions § 29–403","heading":"","body":"(a) This section applies only to:\n(1) an allowance of a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree:\n(i) of the Employees’ Retirement System or the Teachers’ Retirement System who elected Selection A (Additional member contributions);\n(ii) who transferred to the Local Fire and Police System from the Employees’ Retirement System; or\n(iii) who transferred to the Law Enforcement Officers’ Pension System from the Employees’ Retirement System and had elected Selection A (Additional member contributions);\n(2) an allowance based on creditable service earned before July 1, 2011, for a former member, retiree, or surviving beneficiary of a deceased member, former member, or retiree of:\n(i) the Correctional Officers’ Retirement System; or\n(ii) the State Police Retirement System; and\n(3) an additional annual allowance adjustment payable to a retiree or the beneficiary of a retiree of the State Police Retirement System under § 24–401(e) of this article.\n(b) A cost–of–living adjustment payable under this section shall be a compound cost–of–living adjustment computed in accordance with § 29–402(d)(2) of this subtitle.\n(c) A cost–of–living adjustment payable under this section is not subject to any cost–of–living rate cap.\n(d) A cost–of–living adjustment payable under this section may not reduce an allowance to an amount that is less than the initial allowance.","path":["Article - State Personnel and Pensions"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsp\u0026section=29-403","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:01:07Z","sha256":"e7c24842f70dc6c2746c7d374b04d8404cfc1065d5815fb6d1519c09e72b13a6","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-personnel-and-pensions-29-402","next":"us-md/md.-code-state-personnel-and-pensions-29-404"},"notice":"GroundRules: Original legal text. Not legal advice."}