clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1965
Volume 676, Page 1140   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

1140                            LAWS OF MARYLAND                      [CH. 747

(c)    Any member in service who has attained the age of 60
[sixty-four] shall be retired on the first day of the next calendar
month after attaining such age, excepting the physician of the De-
partment who shall be retired on the first [1st] day of the next
calendar month after attaining the age of 70 and those employees who
were members as of July 1, 1964
1965, and had attained the age of 50
as of such date who shall be retired not later than on the first day of
the calendar month next following the attainment of age 64.

(2)     Upon retirement for service a member shall receive a service
retirement allowance which shall consist of:

(a)    An annuity which shall be the actuarial equivalent of his ac-
cumulated contributions at the time of retirement; and

(b)     [For each year of membership service, a] A pension which
together with his annuity shall provide a total retirement allowance
[be] equal to two per centum [one one-hundredth] of his average
final compensation for each of the first twenty-five years of creditable
service, and one per centum [one-hundred and twentieth] of his
average final compensation for each year after the first twenty-five
years of creditable service; [and] provided that the pension which
shall be payable to any member who has more than twenty-five years
of creditable service as of July 1, 1965, shall not be less than the sum
of the pension, additional pension and supplemental pension he would
have received upon service retirement under the provisions of this
subtitle in effect prior to July 1, 1965.

[(c) If he has a prior service certificate in full force and effect,
additional pension for each year of prior service which shall be
equal to one-fiftieth of his average final compensation for each of the
first twenty-five years of creditable service, and one-sixtieth of his
average final compensation for each year after the first twenty-five
years of creditable service, and

(d)     If he was an employee prior to the date of establishment, a
supplemental pension which shall be equal to the actuarial equivalent
of the amount by which his accumulated contributions if begun at
the date of establishment and continued until the time of retirement
at the rate applicable to a member of his age at the date of establish-
ment would exceed his actual contributions at the time of retirement.]

(3)    Upon the application of a member in service or of his depart-
ment head, any member who has had five [ten] or more years of
creditable service may be retired by the Board of Trustees, not less
than thirty and not more than ninety days next following the date of
filing such application, on an ordinary disability retirement allow-
ance, provided that the Medical Board, after a medical examination of
such member, shall certify that such member is mentally or physically
incapacitated for the further performance of duty, that such in-
capacity is likely to be permanent, and that such member should be
retired for the good of the Department.

(4)    Upon retirement for ordinary disability a member shall re-
ceive a service retirement allowance if he has attained the age of 50
[55], otherwise he shall receive an ordinary disability retirement
allowance which shall consist of:

(a) An annuity which shall be the actuarial equivalent of his ac-
cumulated contributions at the time of retirement; and

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1965
Volume 676, Page 1140   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 17, 2024
Maryland State Archives