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Session Laws, 1949
Volume 590, Page 1389   View pdf image (33K)
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WM. PRESTON LANE, JR.; GOVERNOR. 1389

to members who vacate positions by reason of the termina-
nation of tenure of office by Act of the General Assembly.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Subsection (10a) of Section 7 of Article 73B of
the Annotated Code of Maryland, (1947 Supplement), title
"Pensions", be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

7.

(10a) Notwithstanding anything to the contrary in this
Article, if any person, while being a member of the State
Employees' Retirement System, has been or may hereafter be
appointed or elected to any State office for a fixed or in-
definite term and not be continued in office, re-appointed or
re-elected, after the completion of twenty years of creditable
service, regardless of age, such member may elect, in lieu of
the withdrawal of his accumulated contributions, to have
such contributions paid to him in an annuity of equivalent
actuarial value, in which event he shall also be paid a pen-
sion equal to the ordinary disability pension that would have
been payable at such time had he been retired on an ordinary
disability retirement; and if any person, while being a mem-
ber of said retirement system, shall vacate his position by
reason of the termination of his tenure by Act of the General
Assembly after said person has twenty years of creditable
service, regardless of age, he may elect to receive the allow-
ance for service retirement in lieu of the withdrawal of his
accumulated contributions. The Board of Trustees shall in-
clude any additional amount required to pay such pension
in the amount certified to the Governor as required by Sec-
tion 10(6) of this Article. Should such beneficiary be ap-
pointed or elected to any office, the salary or compensation
of which is paid by the State, his retirement allowance shall
cease, and he may again become a member of the Retirement
System and shall contribute thereafter at the same rate he
paid prior to his retirement. 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, provided his pen-
sion upon such subsequent retirement shall not exceed the
pension he was receiving prior to restoration plus such pen-
sion as may have accrued on account of his membership
service after restoration. The payment of all such pensions
and the continued payment of such pensions shall be con-
tingent on the payment annually by the State of Maryland
of the additional amount so required to meet the current dis-
bursements of such pensions.

 

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Session Laws, 1949
Volume 590, Page 1389   View pdf image (33K)
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