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Session Laws, 1968
Volume 683, Page 933   View pdf image
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SPIRO T. AGNEW, Governor                       933

subtitle "Chapter 8. Teachers' Certificates, Salaries and Pensions,"
subheading "Teachers' Retirement System," be and it is hereby re-
pealed and re-enacted, with amendments, to read as follows:

116.

(7)(b) Which, when added to the benefits provided pursuant to
Section 113 of this Article is not less than $2,000 per annum; pro-
vided, 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 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 of creditable service divided by 25, and [pro-
vided that no such reduction shall be made for any beneficiary or
member who may be retired in the future who was retired for dis-
ability, and] PROVIDED THAT NO SUCH REDUCTION SHALL
BE MADE FOR ANY BENEFICIARY WHO HAS RETIRED 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 113"
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. 3. And be it further enacted, That 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 Retirement System," be and it is hereby re-
pealed and re-enacted, with amendments, to read as follows:

56.

(7)(a) Which, when added to the benefits provided pursuant to
Section 53 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 supplemental 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 was 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)(c) Which pro rata computation is made by the use of the
following formula:

$4800 - b c.s.

____________________ x _____

     4                   25

 

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Session Laws, 1968
Volume 683, Page 933   View pdf image
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