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Session Laws, 1967
Volume 681, Page 1557   View pdf image (33K)
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SPIRO T. AGNEW, Governor                        1557

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 11(14) of Article 73B of the Annotated Code of Mary-
land (1957 Edition and 1966 Supplement), title "Pensions," sub-
title "In General," be and it is hereby repealed and re-enacted, with
amendments, to read as follows:

11.

(14) Notwithstanding any other provisions of the law to the con-
trary, a retired member who is receiving a service retirement allow-
ance may accept employment in which all or part of the compensa-
tion thereof comes from State funds, or
temporary employment with
the General Assembly of Maryland as an attache, clerk, proofreader,
etc., without any reduction in his retirement allowance; provided
he immediately notifies the Board of Trustees of his intention to
accept such employment and specifies the compensation to be re-
ceived therefor and further provided the retirement allowance re-
ceivable by him, computed without optional modification, plus the
annual remuneration for the position, shall not exceed in the amount
the average final compensation upon which such retirement allow-
ance was based, EXCEPT THAT THERE SHALL BE NO LIMITA-
TION ON THE RETIREMENT ALLOWANCE FOR ANY SUCH
PERSON WHO HAS BEEN RETIRED FOR A PERIOD OF MORE
THAN TEN YEARS.

SEC. 2. AND BE IT FURTHER ENACTED, THAT SECTION
113 (9) OF ARTICLE 77 OF THE SAID CODE, (1965 REPLACE-
MENT VOLUME), TITLE "PUBLIC EDUCATION," SUBTITLE
"CHAPTER 8. TEACHERS' CERTIFICATES, SALARIES AND
PENSIONS," SUBHEADING "TEACHERS' RETIREMENT SYS-
TEM," BE AND IT IS HEREBY REPEALED AND RE-ENACTED,
WITH AMENDMENTS, TO READ AS FOLLOWS:

113.

(9) NOTWITHSTANDING ANY OTHER PROVISION OF
LAW TO THE CONTRARY, A RETIRED MEMBER WHO IS
RECEIVING A SERVICE RETIREMENT ALLOWANCE MAY
ACCEPT EMPLOYMENT IN WHICH ALL OR PART OF THE
COMPENSATION THEREFOR COMES FROM STATE FUNDS,
PROVIDED HE IMMEDIATELY NOTIFIES THE BOARD OF
TRUSTEES OF HIS INTENTION TO ACCEPT SUCH EMPLOY-
MENT AND SPECIFIES THE COMPENSATION TO BE RE-
CEIVED THEREFOR AND FURTHER PROVIDED THE RETIRE-
MENT ALLOWANCE RECEIVABLE BY HIM, COMPUTED
WITHOUT OPTIONAL MODIFICATION, PLUS THE ANNUAL
REMUNERATION FOR THE POSITION, SHALL NOT EXCEED
IN AMOUNT THE AVERAGE FINAL COMPENSATION UPON
WHICH SUCH RETIREMENT ALLOWANCE WAS BASED,
EXCEPT THAT THERE SHALL BE NO LIMITATION ON RE-
TIREMENT ALLOWANCE FOR ANY SUCH MEMBER WHO HAS
BEEN RETIRED FOR A PERIOD OF MORE THAN TEN YEARS.

SEC. 3. AND BE IT FURTHER ENACTED, THAT NEW SEC-
TION 53 (13) BE AND IT IS HEREBY ADDED TO ARTICLE 88B
OF THE SAID CODE (1966 SUPPLEMENT), TITLE "STATE

 

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Session Laws, 1967
Volume 681, Page 1557   View pdf image (33K)
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