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Session Laws, 1956
Volume 621, Page 43   View pdf image (33K)
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Theodore R. McKeldin, Governor                     43

to those provided in accordance with and in the same manner as that
provided in Section [102] 112 (1), (2), (3), (4), (5), and (6) of
this Article, and subject to the conditions hereinafter provided, to
make a supplementary [payments] payment to any beneficiary, or
member who may be retired from service in the future, in addition
to the benefits provided in Section 109 of this Article, on the follow-
ing basis:

[Beneficiaries                   Supplementary

Receiving                          Payments

Up to $899.99                       Increase to $900.

$900.— 999.99                       20%

1,000 — 1299.99                       15%

1,300 — 1635.99                       10%

1,636 — 1799.99                       Increase to $1800

Provided, however, that the board of trustees is hereby authorized
to adopt reasonable rules and regulations to govern the disburse-
ment of such supplementary payments, which rules and regulations
shall include, but need not be limited to the following factors: (1) no
beneficiary shall be entitled to receive any such supplementary pay-
ments unless his total creditable service equals at least five years; (2)
every beneficiary who shall receive such supplementary payment
shall first submit a statement, under oath, giving full information
regarding other sources of retirement income, including benefits
from all other retirement or pension systems, social security benefits
and similar sources; and (3) that the total retirement allowance to
the beneficiary and not the actuarial equivalent in the form of any
option chosen shall be used as the basis for the determination of the
supplementary payment, provided, however, that no beneficiary will
receive a total retirement allowance, together with the supplementary
payment which he received from the State of Maryland, but not
including any additional benefits which he received from any political
sub-division thereof, which is less than that received during the year
preceding July 1, 1953].

(a) which is not less than the rate of the supplementary payment
received by any beneficiary prior to July 31,
1, 1956, and (b) which,
when added to the benefits provided pursuant to Section 109 of this
Article is not less than $1,250 per annum; provided, however, that
the said beneficiary, or member who may be retired from service in
the future, is credited with 25 years of service, and provided that any
beneficiary, or member who may be retired from service in the future,
having less than 25 years of creditable service shall have his supple-
mental payment reduced in proportion to the ratio of the number of
years of creditable service divided by 25, and provided that no such
reduction shall be made for any beneficiary or member who may be
retired in the future who was retired for disability, and

(c) which is computed pro rata on the basis of the following con-
densed table:


 

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Session Laws, 1956
Volume 621, Page 43   View pdf image (33K)
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