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Session Laws, 1956
Volume 621, Page 311   View pdf image (33K)
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Theodore R. McKeldin, Governor                     311

of such supplementary payments. Said Board is hereby given the
authority to grant, limit, or eliminate the payment of such supple-
'mentary payments, in its discretion and acting under the provisions
of said rules and regulations, for the purpose of providing such
beneficiaries with a reasonable standard of living after retirement,
and limiting or eliminating such supplementary payments whenever
the Board finds said payments to be unnecessary to maintain such
a standard of living. Such rules and regulations shall include, but
need not be limited to the following factors: (1) no beneficiary shall
be entitled to receive any such supplementary payments unless his
total creditable service equals at least five years, with an average
of a minimum of 1820 hours of work per year, excluding for the
purposes of such computation the use of any earned annual vacation
leave, sick leave, or authorized leave of absence without pay; (2)
every beneficiary who shall apply for such supplementary payment
shall first submit a statement, under oath, giving full information
regarding other sources of income received by or available to said
beneficiary, including investment income, compensation from em-
ployment of any kind, and other retirement income, including
benefits from all other retirement or pension systems, social security
benefits, and similar sources; and (3) that the total retirement
allowance to the beneficiary and not the actuarial equivalent in the
form of any option chosen shall be used as the basis for the determi-
nation of the supplementary payment, provided, however, that no
beneficiary will receive a total retirement allowance, together with
the supplementary payment which he received from the State of
Maryland, but not including any additional benefits which he re-
ceived from any political subdivision thereof, which is less than that
received during the year preceding July 1, 1953.]

(a) ivhich is not less than the rate of the supplementary payment
received by any beneficiary prior to July 31
1, 1956, and (b) which,
when added to the benefits provided pursuant to Section 8 of this
Article^ is not less than $1,250 per annum; provided, however, that
the said beneficiary, or member who may be retired from service
in the future, is credited with 25 years of service, and provided that
any beneficiary, or member who may be retired from service in the
future^ having less than 25 years of creditable service shall have his
supplemental payment reduced in proportion to the ratio of the
number of years of creditable service divided, by 25, and provided
that no such reduction shall be made for any beneficiary or member
who may be retired in the future ivho was retired for disability, and

(c) which is computed pro rata on the basis of the following con-
densed table:

Beneficiaries receiving            Length of              Supplementary

under Section 8 of this              Service                    Payments

Article

$900                          25 years                        $350

1200                         25 years                          300

1500                          25 years                          250

1800                          25 years                          200

2100                         25 years                          150

21+00                             25 years                              100

2700                             25 years                                50

3000                             25 years                                  0 and

 

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Session Laws, 1956
Volume 621, Page 311   View pdf image (33K)
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