326                           LAWS OF MARYLAND                            [CH. 98

first pay of the payroll period as continuing throughout such payroll
period, and it may omit deduction from compensation for any period
less than a full payroll period if an employee was not a member on
the first day of the payroll period, and to facilitate the making of
deductions it may modify the deduction required of any member
by such an amount as shall not exceed one-tenth of one per centum
of the annual compensation upon the basis of which such deduction
is to be made.

(c)   The deductions provided for herein shall be made notwith-
standing that the minimum compensation provided for by law for
any member shall be reduced thereby. Every member shall be
deemed to consent and agree to the deductions made and provided
herein and shall receipt for his full salary or compensation; and
payment of salary or compensation less such deduction shall be a
full and complete discharge and acquittance of all claims and demands
whatsoever for the services rendered by such person during the
period covered by such payment, except as to the benefits provided
under this sub-title. The head of the department shall certify to
the board of trustees on each and every payroll, or in such other
manner as the board of trustees may prescribe, the amounts to be
deducted; and each of said amounts shall be deducted, and when
deducted shall be paid into said Annuity Savings Fund, and shall
be credited, together with regular interest thereon, to the individual
account of the member from whose compensation said deduction
was made.

(d)  Notwithstanding the preceding provisions, no deduction shall
be made from any member's compensation with respect to which the
State's contributions are in default.

(e)  Subject to the approval of the board of trustees, in addition
to the contributions deducted from compensation as hereinbefore
provided, any member may redeposit in the Annuity Savings Fund
by a single payment or by an increased rate of contribution an
amount equal to the total amount which he previously withdrew
therefrom as provided in this sub-title, 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 pur-
chase an additional annuity which together with his prospective
retirement allowance, will provided for him a total retirement allow-
ance not in excess of one-half of his average final compensation at
the age of [55] 50. 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 contri-
butions returnable to the member in cash or as an annuity of equiva-
lent actuarial value.

(f)   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 sub-title, shall be paid from an
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.

SEC.2. And be it further enacted, That this Act shall take effect
July 1, 1958.

Approved April 4, 1958.