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Retirement System.7 However, because petitioner received the
Transfer Refund on account of transferring from the Retirement
System to the Pension System, the monthly annuity that petitioner
would receive upon retiring from the Pension System was less than
the monthly annuity that he would have received if he had not
transferred to the Pension System but had retired under the
Retirement System.
Petitioner's Retirement
On February 28, 1990, after he had elected to transfer from
the Retirement System to the Pension System, petitioner executed
a Letter of Intent in which he advised the Garrett County Board
of Education of his intent to retire by July 1, 1990.
Subsequently, on May 7, 1990, petitioner applied to the Maryland
State Retirement Systems for a normal service retirement from the
Pension System effective July 1, 1990. Two days later, on May 9,
1990, petitioner tendered his resignation to the Garrett County
Board of Education effective July 1, 1990.
Petitioner retired effective July 1, 1990, after nearly 30
years of service working as a teacher. At that time petitioner
was 58 years old.
As a result of his retirement, petitioner is receiving a
normal service retirement benefit from the Pension System based
7 Petitioner became a member of the Retirement System upon
his employment by the Garrett County Board of Education. He
remained a member of the Retirement System for all but the last
few months of his teaching career.
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