TEACHERS' RETIREMENT SYSTEM

The Board of Trustees:

Chairman: Hooper S. Miles, State Treasurer
Ex-officio Members: J. Millard Tawes, 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, Morgan College and St.
Mary's Seminary Junior College are members of the System (Code
1939 and 1947 Supp. Art. 77, secs. 97-110).
Expenditures, 1950 . $3,346,639.90
Appropriations, 1951

County Teachers 2,444,875.00
Baltimore City Teachers 1,814,120.00
Administration 28,038.00

$4,287,033.00

Miscellaneous Appropriation No. 2, item 28, to con-
tinue emergency supplements to existing pensions
for Retired School Teachers: 1951, $100,000; 1952,
$100,000.
Staff: 6.

STATE POLICE RETIREMENT SYSTEM

The Board of Trustees:

Ex-officio Members: Chairman: Elmer F. Munshower, Su-
perintendent of State Police; J. Millard Tawes, Comptroller
of the Treasury; Hooper S. Miles, State Treasurer; James G.
Rennie, Director, Department of Budget and Procurement;
Appointed Member: Z. Vance Hooper, M.D.
31 Light St., Baltimore 2 Plaza 6169

The State Police Retirement System is administered by a Board
of Trustees consisting of the Superintendent of the Department of
State Police, the Comptroller of the Treasury, the State Treasurer,
the Director of the Department of Budget and Procurement 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 opera-
tion of the retirement system and to consider applications for dis-
ability pensions or retirement (Acts 1949, Ch. 349).
Expenditures, 1950 - $ 5,667.90
Appropriation, 1951 72,876.00

Staff: 1.