1278 LAWS OF MARYLAND. [CH. 596

33. The administration of the retirement and pension
system, established by this Act, is hereby vested in the
superintendent of State Police, who shall keep separate
records and accounts and report his receipts and disburse-
ments hereunder in the same manner as is provided in this
Article for other receipts and disbursements of his depart-
ment. The superintendent of State Police shall receive
no additional compensation for these duties, but shall be
reimbursed for all necessary expenses which he may sus-
tain through his service in administering this Act; 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 Act. 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
administration 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 mem-
bers of the Department, 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, desig-
nated therein Compensation Insurance and Pension Fund,
for the purpose of establishing the above mentioned reserve,
until such reserve is complete. Every person who know-
ingly and wilfully in any wise procures the making or pres-
entation of any false or fraudulent affidavit or affirmation
concerning any claim for a share or payment thereof shall
in every case forfeit a sum not exceeding two hundred dol-
lars ($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