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Session Laws, 1968
Volume 683, Page 932   View pdf image
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932                             LAWS OF MARYLAND                       CH. 496

CHAPTER 498
(Senate Bill 30)

AN ACT to repeal and re-enact with amendments, subsections 14(7)
(b) and 14(7)(d) of Article 73B of the Annotated Code of Mary-
land (1967 Replacement Volume and 1967 Supplement), title
"Pensions," subtitle "In General"; to repeal and re-enact with
amendments, subsections 116(7) (b) and 116(7) (d) of Article 77
of the Annotated Code of Maryland (1965 Replacement Volume
and 1967 Supplement), title "Public Education," subtitle "Chapter
8. Teachers' Certificates, Salaries and Pensions," subheading
"Teachers' Retirement System"; and to repeal and re-enact with
amendments, subsections 56(7) (a) and 56(7) (c) of Article 88B
of the Annotated Code of Maryland (1964 Replacement Volume and
1967 Supplement) title "State Police," subtitle "State Police Re-
tirement System"; to provide that in computing supplementary
pensions for disability retirees who have less than twenty-five (25)
years creditable service, there shall be a prorating of the number
of years of creditable service to twenty-five years.

Section 1. Be it enacted by the General Assembly of Maryland,
That subsections 14(7)(b) and 14(7)(d) of Article 73B of the An-
notated Code of Maryland (1967 Replacement Volume and 1967
Supplement), title "Pensions," subtitle "In General," be and it is
hereby repealed and re-enacted, with amendments, to read as follows:

14.

(7) (b) Which, when added to the benefits provided pursuant to
Section 11 of this Article is not less than $2,000 per annum; provided,
however, that the said beneficiary, or member who may be retired
from service in the future, is credited with 25 years of service, and
provided that any beneficiary, or member who may be retired [from
service] in the future, having less than 25 years of creditable service
shall have his supplementary payment reduced in proportion to the
ratio of the number of years creditable service divided by 25, and
[provided that no such reduction shall be made for any beneficiary
or member who may be retired in the future who has retired for
disability, and] PROVIDED THAT NO SUCH REDUCTION
SHALL BE MADE FOR ANY BENEFICIARY WHO HAS RE-
TIRED FOR DISABILITY PRIOR TO JUNE 30, 1968, AND

(7) (d) Which pro rata computation is made by the use of the
following formula:

$4800 - b c.s.

____________________ x _____

4               25

in which formula "b" represents "Benefits Provided By Section 11"
and "c.s." represents "years of creditable service," [except that the
ratio of "c.s. divided by 25" shall not be applied to any beneficiary
who was, or member who may be retired for disability having less
than 25 years of creditable service, and]

Sec. 2. And be it further enacted, That subsections 116(7) (b) and
116(7)(d) of Article 77 of the Annotated Code of Maryland (1965
Replacement Volume and 1967 Supplement), title "Public Education,"

 

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Session Laws, 1968
Volume 683, Page 932   View pdf image
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