MARYLAND MANUAL 49

TEACHERS' RETIREMENT SYSTEM

The Board of Trustees:

Chairman: Hooper S. Miles, State Treasurer
Ex-officio Members: James J. Lacy, Comptroller of the
Treasury; Thomas G. Pullen, Jr., State Superintendent of
Schools.

Elected by the Members: Edwin W. Broome, Althea Fuller.
John P. Mannion, Director
Thomas I. Hays, Executive Secretary

31 Light Street, Baltimore 2 Telephone: Saratoga 3929

The Teachers' Retirement System was established in 1927. It is
administered by a Board of Trustees of five members, three of whom
are ex-officio members and the remaining two are elected by the mem-
bership of the retirement system. The system administers the retire-
ment allowances and benefits for the teachers of the State and is
responsible for the proper investment and administration of funds
entrusted to its care. In addition to the teachers of the public
schools of the State, the members of the faculties of the State Teach-
ers Colleges, the University of Maryland, and Morgan College are
members of the System (Code 1939 and 1947 Supp. Art. 77, sec
97-110).

Expenditures, 1949 ............................................................$2,925,363.00

Appropriations, 1960

County Teachers ...........................-$1,962,268.00

Baltimore City Teachers -....... ......... 1,367,809.00

Administration ......................--.- 30,061.00

$3,360,138.00

Miscellaneous Appropriation No. 2, item 28, to con-
tinue emergency supplements to existing pensions
for Retired School Teachers:

1960
Staff: 6. $100,000

..o..
STATE POLICE RETIREMENT SYSTEM

The Board of Trustees:

Ex-officio Members: Chairman: Col. Carey Jannan, Super-
intendent of State Police; James J. Lacy, Comptroller of the
Treasury; Hooper S. Miles, State Treasurer; James G. Rennie,
Director of Budget and Procurement.

Pikesville Armory, Pikesville Telephone: Pikesville 101

The Maryland State Police Retirement System is administered by
a Board of Trustees consisting of the Superintendent of the Depart-
ment of State Police, the Comptroller of the Treasury, the State
Treasurer, the Director of the Department of Budget and Procure-
ment and one member from the enforcement force of the Department
of State Police appointed by the Board of Public Works. It is the
duty of the Board to prescribe necessary rules and regulations for
the operation of the retirement system and to approve those applying
for disability pensions or retirement (Acts 1949, Ch. 349).

Appropriations: None.

Staff: None.