J. MILLARD TAWES, Governor                     1307

CHAPTER 820
(House Bill 907)

AN ACT to repeal and re-enact, with amendments, Section 32 of
Article 73B of the Annotated Code of Maryland (1957 Edition),
title "Pensions," subtitle "Transfers Between Retirement Systems,"
to permit members of the General Assembly to transfer ac-
cumulated contributions from another retirement system to the
State retirement system without time limit.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 32 of Article 73B of the Annotated Code of Maryland
(1957 Edition), title "Pensions," subtitle "Transfers Between Retire-
ment Systems," be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

32.

Any such person desiring so to transfer his membership shall notify
the administrative head of the retirement system of which he is a
member prior to or at the time of his withdrawal therefrom of his
intention to enter the other retirement system, and shall request a
refund of the total amount of the accumulated contributions standing
to his credit in the annuity savings fund, or other corresponding fund,
of the system of which he is a member. Upon his entry into the
other retirement system and the deposit of such accumulated con-
tributions in the annuity savings fund or other corresponding fund
thereof, within one year of the date of such refund, he shall receive
prior service credit in the system to which he has transferred for
all service rendered prior to January 1, 1926, if any, provided he
was in the service at any time during the calendar year 1925 and
membership service credit for all continuous service since January 1,
1926. Such membership service credit shall be equal to the sum of
the credits for (1) service credited as prior service in the system
from which he is transferring if such "prior service" was rendered
subsequent to January 1, 1926, and prior to the establishment of the
system from which he is transferring, and (2) service rendered
since January 1, 1926, for which he was entitled to membership
credit in the system from which he is transferring, if such sum is
greater than the membership service credit for all continuous service
since January 1, 1926. Provided, however, that nothing herein shall
preclude any elected or appointed member of the General Assembly
from so transferring his membership and the deposit of his ac-
cumulated contributions into the ANY State Retirement System at
any time including a time more than one year from the date of refund
from the corresponding fund.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved May 4, 1965.