J. MILLARD TAWES, Governor                     1143

[Upon the basis of such tables as the board of trustees shall adopt
and regular interest, the actuary of the Retirement System shall
determine for each member the proportion of earnable compensation
which when deducted from each payment of his prospective com-
pensation earnable prior to his attainment of the age of 55 and ac-
cumulated at regular interest until his attainment of said age, shall
be computed to provide at such age an annuity equal to one one-
hundredth of the member's average final compensation for each of
the first twenty-five years of creditable service and one one-hundred-
and-twentieth of his average final compensation for each year after
the first twenty-five years of creditable service.] Such proportion of
compensation [shall be computed to remain constant and] shall, with
respect to members who become employees prior to the date of estab-
lishment, be determined upon the basis of his age on July 1, 1949,
less his years of prior service, provided the age so computed shall not
be greater than the age of 49 [54].

(b) [The proportion so computed for a member of the age 54
shall be applied to a member who attains a greater age before he
becomes a member of the retirement system.] The Board of Trustees
shall certify to the head of the department, and the head of the de-
partment shall cause to be deducted from the salary of each member
on each and every payroll of such department for each and every
payroll period, the proportion of earnable compensation applicable
to such [of each] member [so computed]. In determining the amount
earnable by a member in a payroll period, the Board of Trustees
may consider the rate of annual compensation payable to such
member on the first day of the payroll period as continuing through-
out such payroll period, and it may omit deduction from compensa-
tion for any period less than a full payroll period if an employee was
not a member on the first day of the payroll period, and to facilitate
the making of deductions it may modify the deduction required of
any member by such an amount as shall not exceed one-tenth of one
per centum of the annual compensation upon the basis of which such
deduction is to be made.

(e) Subject to the approval of the Board of Trustees, in addition
to the contributions deducted from compensation as hereinbefore pro-
vided, 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 subtitle, or any part thereof; or any member may
deposit therein by a single payment or by an increased rate of con-
tribution an amount computed to be sufficient to purchase an addi-
tional annuity which together with his prospective retirement allow-
ance, will provide for him a total retirement allowance not in excess
of one-half of his average final compensation at the age of 50 [55].
Such additional amounts so deposited shall become a part of his
accumulated contributions except in the case of [disability] retire-
ment, when they shall be treated as excess contributions returnable
to the member in cash or as an annuity of equivalent actuarial value.

Sec. 2. And be it further enacted, That two A new subsections be
and they are hereby added to Article 88B of the said Code, title "State
Police," subtitle "State Police Retirement System," said new sub-
sections to follow immediately after Subsection 53 (11) and to be
known as Subsections 53 (12) and 53 (13) and to read as follows: