1144 ARTICLE 88B.

Police, who shall keep separate records and accounts and report his re-
ceipts and disbursements hereunder in the same manner as is provided in
this Article for other receipts and disbursements of his department. The
superintendent of State Police shall receive no additional compensation
for these duties, but shall be reimbursed for all necessary expenses which
he may sustain through his service in administering this sub-title; and all
claims for reimbursement shall be subject to the approval of the State
Auditor of Accounts. And there shall be no additional paid employees
engaged for the administration of this sub-title. The superintendent of
State Police shall have the power and authority to make all reasonable
rules and regulations for the administration of the retirement and pension
system; and shall have the power and authority to hold and invest all
funds accruing to the pension funds for the benefit of the said fund. The
chief actuary of the State Insurance Commissioner's office shall be the
technical advisor of the superintendent of State Police, in the administra-
tion of this fund, on all actuarial questions. The superintendent of State
Police shall be authorized to set aside annually an amount sufficient to
defray the annual cost of the pension together with at least one thousand

dollars ($1, 000) toward the necessary reserve, plus interest at the rate of
4% per annum upon that portion of the pension fund reserve remaining
unpaid. This reserve shall be that amount necessary to cover the accrued
liability existing at the time of the establishment of the pension fund,
by reason of the service rendered by the present members of the Depart-
ment, prior to such date of establishment. This pension fund reserve shall
be that amount shown to be necessary for the proper operation of the
system, by accepted actuarial standards. The superintendent of State
Police shall also retain biennially all unexpended funds in the budget
item of the State Police Department, designated therein Compensation
Insurance and Pension Fund, for the purpose of establishing the above
mentioned reserve, until such reserve is complete. Every person who
knowingly and wilfully in any wise procures the making or presentation
of any false or fraudulent affidavit or affirmation concerning any claim for
a share of payment thereof shall in every case forfeit a sum not exceeding
two hundred dollars ($200) to be sued for and recovered by and in the
name of the superintendent of State Police; and when recovered to be
paid over to, and thereupon becoming a part of the fund here provided.
Any person who shall wilfully swear falsely in any oath or affirmation
in obtaining or procuring any share or payment thereof under the provi-

sions of this sub-title shall be guilty of perjury.

1935. ch. 596, sec. 34.

35. It shall be the duty of the superintendent of State Police bi-ennially
after June 1, 1935, to submit to the Governor of the State a full report on
the state and condition of the system; this report shall include a full
record of all persons retired under this sub-title, the rate of pay respec-
tively given them, and also an estimate of the sum required for future