The Board of Trustees establishes rules and
regulations to administer the several pension sys-
tems and manage pension funds. On matters con-
cerning the operation of the pension funds in the
system, the Board selects an actuary as its technical
adviser. From the Board, each member and benefi-
ciary receives a summary of the System's annual
report and of the individual's vested benefits.
The Board designates one or more medical
boards to arrange and evaluate all medical exami-
nations required under the laws of the several pen-
sion systems and to investigate all applications for
disability retirement. The medical boards are each
composed of three physicians ineligible to partici-
pate in these pension systems.
The Board of Trustees has fourteen members.
Nine are elected or appointed members who serve
four-year terms. Five are ex officio members. Two
trustees represent each of the State retirement funds;
one represents the interests of participating local gov-
ernments; and two represent the public. Trustees
representing the Employees' and Teachers' Systems
are elected by the members and beneficiaries of their
respective systems. The trustees representing the State
Police Retirement System are appointed by the Board
of Public Works. The Governor appoints the trustees
representing the interests of local governments and
the public (Code Personnel and Pensions Article, sees.
21-101 through 21-127).

INVESTMENT COMMITTEE
Arthur N. Caple, Jr., Chair

Authorized in 1988, the Investment Committee
reviews all investment programs to ensure compli-
ance with policies of the Board of Trustees and
advises the Board on all matters pertaining to in-
vestment programs (Chapter 698, Acts of 1988).
The Committee also advises the Board on prepara-
tion and maintenance of an investment operations
manual and any additional bonding of employees
of the State Retirement Agency. From its member-
ship, the Board of Trustees annually appoints the
Investment Committee (Code Personnel and Pen-
sions Article, sees. 21-114 through 21-116).

STATE RETIREMENT AGENCY
Peter Vaughn, Executive Director

301 West Preston St. (410)767-4051
Baltimore, MD 21201 fax: (410) 728-0320
toll free: 1-800-492-5909

An agency of the Board of Trustees, the State
Retirement Agency administers the several State
pension systems. The Executive Director is ap-
pointed by the Board (Code Personnel and Pen-
sions Article, sees. 21-117 through 21-123).
The Agency is organized into three Divisions:
Finance; Investment; and Retirement Admini-
stration.

FORUM FORRURAL MAEYLAND

G. William Walker, Executive Director

c/o Dept. of Business & Economic Development
217 East Redwood St., Room 1030
Baltimore, MD 21202—3316 (410) 767-6518
fax: (410) 333-1836

BUDGET (CODE DVOO, formerly 23.30.00)
Funds FY1996

(est appropriation)

Federal. .. ... $120,000
Total $120,000

Staff

Authorized . 1
Contractual (FTE) 0
Total . 1

MANDATED REPORTS

Awnual Report to Governor & General Assembly.

ORGANIZATIONAL STRUCTURE
FORUM FOR RURAL MARYLAND
EXECUTIVE BOARD

Gary V. Hodge, Chair

At-Large, elected by members: Arthur T. Bond; Robert H
Bowes, W. Benjamin Brown; Margaret Clime, Paul A
Crowl; Mary S. Mallery; Margaret R Myers, Timothy
Sakemiller; Donna Sasscer; Duane E. Yoder

Representatives of Maryland Municipal League: Orley R
Bourland; Terry Fearins

Representatives of Maryland Association of Counties' R. Lee
Downey; Hagner R. Mister.

Representative of federal agency Jack Walls, U.S Dept. of
Agriculture

Representative of Delmarva Advisory Council' Dale A.
Maginrus

Representative of Tn-county Council for Southern
Maryland: Gary V. Hodge

Representative of Tn-county Council for Western
Maryland: Michael J. Wagoner

Representative of fur-profit organizations: Edmund R. Cueman
Representative of nonprofit organizations: Rev. Linda Wheatley
Ex officio: Ellen M. Janes, designee of Governor

Nonvotm^i members appointed by Senate President' Thomas
M. Middleton; Donald F. Munson; J. Lowell Stoltzfus

Nonvotinj) members appointed by House Speaker: Don B.
Hughes, D. Bruce Poole, John F Wood, Jr

EXECUTIVE DIRECTOR

G. William Walker ... . .. .(410)767-6518

The Forum for Rural Maryland was created by
the Governor in 1994 (Executive Order
01.01.1994.14) and in 1995 by the General As-
sembly (Chapter 119, Acts of 1995). The Forum is
a rural development council which addresses the
issues and concerns of rural Marylanders.
Membership is open to any Maryland citizen
who subscribes to the goals of the Forum and has
an interest in rural Maryland. In addition, the