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Session Laws, 1969
Volume 692, Page 1424   View pdf image
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1424                           LAWS OF MARYLAND                     [CH. 612

ment), title "Courts," subtitle "Pensions of Judges and Their
Widows," to follow immediately after Section 49 (h) thereof, to
require Judges to contribute toward the cost of their pensions.
PROVIDING A NEW PENSION PLAN FOR CERTAIN JUDGES
AND REQUIRING THE JUDGES COMING UNDER THE NEW
PENSION PLAN TO CONTRIBUTE TOWARD THE COST OF
THE PENSION.

Section 1. Be it enacted by the General Assembly of Maryland,
That a new Section 49 (i) be and it is hereby added to Article 26 of
the Annotated Code of Maryland (1966 Replacement Volume and
1968 Supplement), title "Courts," subtitle "Pensions of Judges and
Their Widows," said new section to follow immediately after Section
49 (h), and to be known as Section 49 (i), and to read as follows:

49.

(i) On and after July 1, 1969, each Judge subject to the provi-
sions of this subtitle shall contribute toward the cost of his future

pension, a sum equal to eight percentum of his annual compensation.

The amount of the contribution of each Judge shall be deducted

from his remuneration each pay period and paid to the State

Treasurer.

49.

(I)   (1) ON AND AFTER JULY 1, 1969, EACH JUDGE SUB-
JECT TO THE PROVISIONS OF THIS SUBTITLE AND COV-
ERED BY THE PENSION PLAN PROVIDED FOR IN THIS
SUBSECTION SHALL RECEIVE UPON TERMINATION OF
ACTIVE SERVICE IF HE IS THEN AT LEAST SIXTY YEARS
OF AGE OR WHEN HE BECOMES SIXTY YEARS OF AGE A
PENSION IN AN AMOUNT EQUAL TO SIXTY PER CENTUM
(60%) OF HIS MAXIMUM SALARY OR ONE-SIXTEENTH
(1/16) OF THAT AMOUNT FOR EACH YEAR OF SERVICE IF
HE SERVED FOR LESS THAN SIXTEEN YEARS.

(2)   ALL JUDGES SUBJECT TO THE PROVISIONS OF THIS
SUBTITLE WHO ARE IN OFFICE AS OF JUNE 30, 1969, MAY
ELECT TO REMAIN UNDER THE PRESENT PENSION PLAN
OR TO BE UNDER THE PENSION PLAN PROVIDED FOR IN
THIS SUBSECTION; AND THOSE TAKING OFFICE AFTER
JUNE 30, 1969, SHALL BE UNDER THE PENSION PLAN PRO-
VIDED FOR IN THIS SUBSECTION.

(3)  ANY JUDGE WHO DOES NOT ELECT TO BE PAID A
PENSION UNDER SUBSECTIONS (A), (B) OR (C) OF THIS
SECTION SHALL BE DEEMED TO HAVE ELECTED TO RE-
CEIVE A PENSION UNDER THE PROVISIONS OF THIS SUB-
SECTION.

(4)   EACH JUDGE ELECTING TO BE UNDER THE PENSION
PLAN PROVIDED FOR IN THIS SUBSECTION, OR WHO IS
OTHERWISE UNDER THIS PENSION PLAN, SHALL CON-
TRIBUTE TOWARD THE COST OF HIS PENSION AN AMOUNT
EQUAL TO SIX PER CENTUM (6%) OF HIS ANNUAL COM-
PENSATION WHICH SHALL BE DEDUCTED FROM HIS COM-
PENSATION EACH PAY PERIOD AND PAID TO THE STATE
TREASURER.

 

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