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How is pension service calculated and credited?

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How is pension service calculated and credited?

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A. Pension benefits are calculated based on a formula which is the plan percentage rate multiplied by your final average basic pay (FABP ) multiplied by the number of years of credited service (CS). Credited service includes continuous employment with the County, purchased or eligible transferred service with the State of Maryland or a political subdivision of the State, pre-plan military service (up to 36 months) and disability leave service. Absence from employment for active duty military service may also be counted as creditable service (In-Plan military service). Disability leave will be counted as service with the County on the basis of 22 days being the equivalent of one month service and any remainder amount of days numbering at least 11 days but less than 22 days counted as one full month. Disability leave hours that equal one day is based on your scheduled hours per day at the date of termination. Employees Plan Formula Tier 1: 2% X FABP X CS to a maximum of 60%, plus 2% of F

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