206                             LAWS OF MARYLAND                      [CH. 195

pension equal to the difference between such allowance shall be pay-
able; except that as to any such member who contributed on the
basis of retirement at age 65 under the provisions of Section 14
(1) (b), and as to any elected or appointed official or employee who
waived the payment of such contributions as provided in Section 3
(5) and 9 (7), and any member who elects to discontinue contribu-
tions in accordance with the provisions of Section 14 (1) (b), the
additional pension so provided herein shall be reduced by the
actuarial equivalent of those contributions which he had not paid,
with interest to date of retirement; provided, that if at the time of
retirement the member has not attained the age of sixty, the addi-
tional pension equal to the difference between such allowance shall
be reduced on an actuarial equivalent basis.

Sec. 2. And be it further enacted, That this Act is hereby
declared to be an emergency measure and necessary for the im-
mediate preservation of the public health and safety, and having been
passed by a yea and nay vote supported by three-fifths of the mem-
bers elected to each of the two houses of the General Assembly, the
same shall take effect from the date of its passage.

Approved March 30, 1965.

CHAPTER 195
(Senate Bill 255)

AN ACT to repeal and re-enact, with amendments, Section 113 (2)
(e) (1) of Article 77 of the Annotated Code of Maryland (1957
Edition and 1964 Supplement), title "Public Education", sub-title
"Chapter 8. Teachers' Certificates, Salaries and Pensions", sub-
heading "Teachers' Retirement System", correcting the Teachers'
Retirement System Laws relating to the computation of pensions
payable to members of the System.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 113 (2) (e) (1) of Article 77 of the Annotated Code
of Maryland (1957 Edition and 1964 Supplement), title "Public
Education", sub-title "Chapter 8. Teachers' Certificates, Salaries and
Pensions", sub-heading "Teachers' Retirement System", be and it is
hereby repealed and re-enacted, with amendments, to read as follows:

113.
(2)

(e) (1) Notwithstanding anything in this sub-title to the contrary,
if at the time of retirement after June 30, 1962, the retirement allow-
ance consisting of the annuity resulting from the member's regular
contributions and the pension determined in accordance with para-
graphs (b) and (c) above is less than one-seventieth of average
final compensation for each year of creditable service, an additional
pension equal to the difference between such allowance shall be pay-
able; except that any member who elects to discontinue contributions
in accordance with the provisions of Section 116 (1) (b), the addi-