THEODORE R. MCKELDIN, GOVERNOR                            39

for prior service] be reduced as a result of an increase in his earning
capacity, the amount of the annual reduction in his pension shall be
paid annually into the Pension Accumulation Fund during the period
of such reduction.

Sec 2. And be it further enacted, That this Act shall take effect
on June 1, 1958.

Approved March 6, 1958.

CHAPTER 14
(House Bill 22)

AN ACT to repeal and re-enact, with amendments, Sub-sections (3)
(a), (3) (g), (3) (h) and (4) of Section 56 of Article 88-B of the
Annotated Code of Maryland (1957 Edition), title "State Police",
sub-title "State Police Retirement System", to provide that all
pensions be paid from the Pension Reserve Fund, and relating to
the reserves for payments of pensions and other benefits to retired
members of the State Police Retirement System.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sub-sections (3) (a), (3) (g), (3) (h) and (4) of Section 56 of
Article 88-B of the Annotated Code of Maryland (1957 Edition),
title "State Police", sub-title "State Police Retirement System", be
and the same are hereby repealed and re-enacted, with amendments,
to read as follows:

56. (Method of Financing)

(3)

(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
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 said contributions.
Contributions to and payments from the Pension Accumulation Fund
shall be made as follows:

(g) [All pensions and benefits in lieu thereof, with the exception
of those payable on account of members who received no prior
service credit, and] All lump sum death benefits on account of death
in active service payable from contributions of the State, shall be
paid from the Pension Accumulation Fund.

(h) Upon the retirement of a member [not entitled to credit for
prior service], an amount equal to his pension reserve shall be transf-
erred from the Pension Accumulation Fund to the Pension Reserve
Fund.

EXPLANATION: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.