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Session Laws, 1962
Volume 651, Page 45   View pdf image (33K)
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J. MILLARD TAWES, Governor 45

BE PAID TO THE TREASURER OF THE PARTICULAR CITY
OR COUNTY OPERATING SUCH LOCAL RETIREMENT OR
PENSION SYSTEM; PROVIDED, FURTHER, THAT THE TOTAL
RETIREMENT BENEFITS, INCLUDING ANY AND ALL SUP-
PLEMENTATIONS THERETO, PAID OR DISTRIBUTED BY
ANY SUCH LOCAL RETIREMENT OR PENSION SYSTEM
SHALL NOT BE LESS THAN IS PROVIDED IN THIS ARTICLE
FOR ANY PERSON WITH SIMILAR SERVICE AND WAGE
RECORDS; AND PROVIDED, FURTHER, THAT NOTHING CON-
TAINED IN THIS SUBSECTION SHALL OPERATE TO REDUCE
THE TOTAL RETIREMENT BENEFIT OR BENEFITS, INCLUD-
ING ANY SUCH SUPPLMENTATIONS THERETO, BEING PAID
AS OF JUNE 30, 1962, TO ANY RETIRED INDIVIDUAL; AND
PROVIDED, FURTHER, THAT THE TOTAL PAYMENTS MADE
BY THE STATE UNDER THE PROVISIONS OF THIS SUBSEC-
TION TO THE TREASURER OF ANY PARTICULAR CITY OR
COUNTY OPERATING ANY SUCH LOCAL RETIREMENT OR
PENSION SYSTEM SHALL BE USED ONLY FOR THE PUR-
POSE OF MAKING PAYMENTS TO RETIRED INDIVIDUALS
AND SHALL NOT BE USED FOR ANY OTHER PURPOSE.

SEC. 2. AND BE IT FURTHER ENACTED, THAT IF FUNDS
ARE NOT BUDGETED OR OTHERWISE AVAILABLE DURING
THE STATE'S FISCAL YEAR OF 1963 FOR THE PAYMENT OF
THE INCREASES IN SUPPLEMENTARY PENSIONS WHICH
ARE PROVIDED IN THIS ACT, SUPPLEMENTARY PAY-
MENTS SHALL BE MADE DURING THAT FISCAL YEAR UN-
DER THE FORMULAE AND ACCORDING TO THE SCHEDULES
AND PROVISIONS APPLICABLE THERETO IMMEDIATELY
PRIOR TO THE EFFECTIVE DATE OF THIS ACT, AND FOR
THAT PURPOSE AND UNDER THOSE CIRCUMSTANCES
ALONE THESE SUPPLEMENTARY PAYMENTS SHALL BE
MADE DURING FISCAL 1963 AS IF THIS ACT HAD NOT BEEN
PASSED.

SEC. 2r 3. And be it further enacted, That this Act shall take effect
July 1, 1962.

Approved March 23, 1962.

CHAPTER 8
(Senate Bill 14)

AN ACT to repeal and re-enact, with amendments, Section 49 (12)
and Section 55 (2) of Article 88B of the Annotated Code of Mary-
land (1957 Edition and 1961 Supplement), title "State Police", sub-
title "State Police Retirement System", amending the laws con-
cerning crediting of interest to the accounts of members in active
service under the State Police Retirement System and relating

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.


 

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Session Laws, 1962
Volume 651, Page 45   View pdf image (33K)
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