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Session Laws, 1955
Volume 620, Page 970   View pdf image (33K)
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970                               LAWS OF MARYLAND                        [CH. 598

of Trustees, 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 purchase
an additional annuity, which, together with his prospective retire-
ment allowance, will provide for him a total retirement allowance
[of not to exceed one-half] not in excess of two-thirds of his average
final compensation at age sixty or after thirty years of creditable
service, whichever would first occur. 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 contributions returnable to the member in cash or as an
annuity of equivalent actuarial value. The accumulated contributions
of the member withdrawn by him, or paid to his estate or to his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 the Annuity Savings Fund. Upon the retire-
ment of a member his accumulated contributions shall be transferred
from the Annuity Savings Fund to the Annuity Reserve Fund.

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Session Laws, 1955
Volume 620, Page 970   View pdf image (33K)
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