ALBERT C. RITCHIE, GOVERNOR. 631

previously withdrew therefrom as provided in this subtitle, or
any part thereof; or any member may deposit therein by a
single payment or by an increased rate of contribution an
amount computed to be sufficient to purchase an additional
annuity, which, together with his prospective retirement allow-
ance, will provide for him a total retirement allowance of not
to exceed one-half of his average final compensation at age 60.
Such additional amounts so deposited shall become a part of
his accumulated contributions except in the case of disability
retirement, when they shall be treated as excess contributions
returnable to the member in cash or as an annuity of equivalent
actuarial value. The accumulated contributions of a member
withdrawn by him, or paid to his estate or to his designated
beneficiary in event of his death as provided in this subtitle, shall
be paid from the Annuity Savings Fund. Upon the retirement
of a member his accumulated contributions shall be transferred
from the Annuity Savings Fund to the Annuity Reserve Fund.

(2) ANNUITY RESERVE FUND

The Annuity Reserve Fund shall be the fund in which shall
be held the reserves on all annuities in force and from which
shall be paid all annuities and all benefits in lieu of annuities,
payable as provided in this subtitle. Should a beneficiary
retired on account of disability be restored to active service
with a compensation not less than his average final compensa-
tion at the time of his last retirement his annuity reserve shall
be transferred from the Annuity Reserve Fund to the Annuity
Savings Fund and credited to his individual account therein.

(3) PENSION ACCUMULATION FUND

(a) The Pension Accumulation Fund shall be the fund in
which shall be accumulated all reserves for the payment of all
pensions and other benefits payable from contributions made by
the State of Maryland and from which shall be paid all pensions
and other benefits on account of members with prior service
credit and the lump sum death benefits for all members payable
from the said contributions. Contributions to and payments
from the Pension Accumulation Fund shall be made as follows:

(b) On account of each member there shall be paid annually
into the Pension Accumulation Fund by the said State, for the
preceding fiscal year an amount equal to a certain percentage
of the earnable compensation of each member to be known as the
'' normal contribution, " and an additional amount equal to a
percentage of his earnable compensation to be known as the
"accrued liability contribution. " The rates per centum of such
contributions shall be fixed on the basis of the liabilities of the