1662                                         VETOES

Senate Bill No. 34—Redeposit in Retirement Systems

AN ACT to repeal and re-enact, with amendments, Section 3 (6)
of Article 73B of the Annotated Code of Maryland (1964 Supple-
ment), title "Pensions," subtitle "In General," and to repeal and
re-enact, with amendments, Section 110 (7) of Article 77 of said
Code, title "Public Education," subtitle "Teachers' Certificates,
Salaries and Pensions," subheading "Teachers Retirement System,"
amending the laws concerning the employees' and the teachers'
retirement systems of this State with particular reference to the
redeposit by certain former members of either system of accumulated
contributions that have been withdrawn, such redeposit being in
either the teachers' or the employees' retirement system.

May 4, 1965.

Honorable William S. James
President of the Senate
State House
Annapolis, Maryland

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland Con-
stitution, I have today vetoed Senate Bill 34, 1965 session, and I am
returning this bill along with my veto message.

This bill amends Section 3 (6) of Article 73B of the Anno-
tated Code of Maryland, and Section 110 (7) of Article 77 of said
Code with particular reference to the redeposit by certain former
members of either system of accumulated contributions that have
been withdrawn, such redeposit being in either the teachers' or the
employees' retirement system.

The Board of Trustees for the Employees Retirement System has
advised me that they strongly disapprove of Senate Bill No. 34 be-
cause it removes the discretionary power of the Board in allowing
past service credit to certain members of the retirement systems.
The Board points out that had this bill been in effect last year it
would have increased the cost to the taxpayers in an amount in excess
of $100,000. The Board feel that members who leave State service,
and later return, should not automatically be permitted to regain past
service credit.

This bill and a number of others that were introduced at the
past session of the General Assembly would have altered the present
retirement systems. It was my feeling that it was not possible
financially to provide across-the-board increases for State employees
and to finance the proposed changes in the retirement systems. It
was the overwhelming concensus of all concerned that we should
move ahead with the salary increases and defer costly alteration of
the retirement systems.

Because of the above stated reasons, I feel compelled to veto
Senate Bill 34.

With kindest personal regards, I am

Sincerely yours,

(s) J. MILLARD TAWES,

Governor.