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Session Laws, 1949
Volume 590, Page 643   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. 643

SECTION 1. Be it enacted by the General Assembly of Maryland,
That Sections 26 and 28 of Article 73B of the Annotated
Code of Maryland (1947 Supplement), title "Tensions",
sub-title "Transfers Between Retirement Systems", be
repealed and re-enacted, with amendments, to read as
follows:

26. Any such person desiring so to transfer his mem-
bership shall notify the administrative head of the retire-
ment system of which he is a member, prior to or at the
time of his withdrawal therefrom of his intention to enter
the other retirement system, and shall request a refund of
the total amount of the accumulated contributions stand-
ing to his credit in the annuity savings fund, or other cor-
responding fund, of the system of which he is a member.
Upon his entry into the other retirement system and the
deposit of such accumulated contributions in the annuity
savings fund or other corresponding fund thereof, within
one year of the date of such refund, he shall receive prior
service credit in the system to which he has transferred
for all service rendered prior to January 1, 1926, if any,
provided he was in the service at any time during the cal-
endar year 1925, and membership service credit for all
continuous service since January 1, 1926. Such member-
ship service credit shall be equal to the sum of the credits
for (1) service credited as prior service in the system
from which he is transferring if such "prior service" was
rendered subsequent to January 1, 1926, and prior to the
establishment of the system from which he is transferring,
and (2) service rendered since January 1, 1926, for which
he was entitled to membership credit in the system from
which he is transferring, if such sum is greater than the
membership service credit for all continuous service since
January 1, 1926.

28. Notwithstanding anything in Sections 25 and 26
of this sub-title to the contrary, a member of one of such
retirement systems on June 1, 1947, who was a member of
another such system immediately prior to entering his
present system, or who was in a service subsequently cov-
ered by such a system, may effect such a transfer pro-
vided he deposits the amount of the contributions paid
or payable to him from such other retirement system, if
any, prior to the expiration of one year following June 1,
1949. To qualify under the terms and condition of this
Section,, such members shall exhibit such data and infor-
mation to the administrative head of the system to which
he has transferred as may be required by the rules and

 

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Session Laws, 1949
Volume 590, Page 643   View pdf image (33K)
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