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Session Laws, 1927
Volume 569, Page 624   View pdf image (33K)
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624 LAWS OF MARYLAND. [CH. 344

compensation. Should his earning capacity be later changed,
the amount of his pension may be further modified; provided
that the new pension shall not exceed the amount of the pension
originally granted nor an amount, which, when added to the
amount earnable by the beneficiary together with his annuity,
equals the amount of his average final compensation. A bene-
ficiary restored to active service at a salary less than the average
final compensation upon the basis of which he was retired shall
not become a member of the retirement system.

(b) Should a disability beneficiary under age 60 be restored
to active service at a compensation not less than his average
final compensation, his retirement allowance shall cease, he shall
again become a member of the retirement system and he shall
contribute thereafter at the same rate he paid prior to disability
Any prior service certificate on the basis of which his service
was computed at the time of his retirement shall be restored to
full force and effect, and in addition, upon his subsequent
retirement he shall be credited with all his service as a member.

DEATH BENEFIT

(6) Upon the receipt of proper proofs of the death of a
member in service there shall be paid to his estate or to such
person having an insurable interest in Ms life as he shall have
nominated by written designation duly executed and filed with
the Board of Trustees:

(a) His accumulated contributions and, if the member has
had one or more years of creditable service, in addition thereto.

(b) An amount equal to fifty per centum of his average
final compensation.

RETURN OF ACCUMULATED CONTRIBUTIONS

(T) Should, a member cease to be a teacher except by death
or retirement under the provisions of this subtitle he shall be
paid such part of the amount of the accumulated contributions
standing to the credit of his individual account in the Annuity
Savings Fund as he shall demand.

OPTIONAL ALLOWANCES

(8) With the provision that no optional selection shall be
effective in case a beneficiary dies within thirty days after
retirement, and that such a beneficiary shall be considered as
an active member at the time of death; until the first payment
on account of any benefit becomes normally due, any member
may elect to receive his benefit in a retirement allowance

 

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Session Laws, 1927
Volume 569, Page 624   View pdf image (33K)
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