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Session Laws, 1956
Volume 621, Page 44   View pdf image (33K)
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44 Laws  of Maryland                           [Ch. 34

Beneficiaries receiving            Length of                Supplementary

under Section 109 of Teach-          Service                     Payments
ersy Retirement Law

$900                           25 years                         $350

1200                           25 years                           800

1500                           25 years                           250

1800                           25 years                           200

2100                           25 years                           150

2UO0                           25 years                           100

2700                           25 years                             50

8000                           25 years                               0 and

(d) which pro rata computation is made by the use of the follow-
ing formula:

$3000 b              c.s.

6                      25

in which formula "b" represents ''benefits provided by Section 109"
and "c. s." represents "years of creditable service", except that the
ratio of "c. s. divided by 25" shall not be applied to any beneficiary
who was, or member who may be retired for disability having less
than 25 years of creditable service, and

(e) provided that the retirement allowance used in calculating the
supplementary payment shall be the total benefits provided in Section
109 of this Article except that it shall not be based on any optional
benefit chosen by the beneficiary or member.

Sec. 2. And be it further enacted, That this Act shall take effect
July 31 1, 1956.

Approved March 2, 1956.

CHAPTER 34
(House Bill 22)

AN ACT to repeal and re-enact, with amendments, Section 219 (e)
of Article 56 of the Annotated Code of Maryland (1951 Edition),
title "Licenses/' sub-title "Real Estate Brokers," making a change
of language in the definition of the business of a real estate broker
or real estate salesman to correct an error therein.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 219 (e) of Article 56 of the Annotated Code of Mary-
land (1951 Edition), title "Licenses," sub-title "Real Estate
Brokers," be and it is hereby repealed and re-enacted, with amend-
ments, to read as follows:

Explanation: Italics indicate new matter added to existing law.
[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.

 

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Session Laws, 1956
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