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Session Laws, 1971
Volume 707, Page 1010   View pdf image
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1010                             Laws of Maryland                      [Ch. 459

Should any beneficiary under the Teachers' Retirement System
be restored to active service under the provisions of this subsection
all allowances that he is receiving under such system shall cease. He
shall again become a member of the retirement system and he shall
contribute thereafter at the same rate he paid prior to retirement.
Anything in this article to the contrary, notwithstanding, any prior
service certificate on the basis of which his service was computed at
the time of his retirement shall be restored to full force and effect, and
in addition, upon his subsequent retirement he shall be credited with
all his services as a member. Provided however that nothing in this
section shall apply to any teacher, helping teacher, principal, super-
visor or superintendent, attendance officer or clerk, employed in a
public school within the State.

SEC. 2. AND BE IT FURTHER ENACTED, THAT SUBSEC-
TION (1) OF SECTION 11 OF ARTICLE 73B OF SAID CODE
(1970 REPLACEMENT VOLUME), TITLE "PENSIONS," SUB-
TITLE "IN GENERAL," BE AND IT IS HEREBY REPEALED
AND RE-ENACTED, WITH AMENDMENTS, TO READ AS
FOLLOWS:

11.

(1) SERVICE RETIREMENT BENEFIT.(A) ANY MEMBER
IN SERVICE MAY RETIRE UPON WRITTEN APPLICATION
TO THE BOARD OF TRUSTEES SETTING FORTH AT WHAT
TIME, NOT LESS THAN THIRTY DAYS NOR MORE THAN
NINETY DAYS SUBSEQUENT TO THE EXECUTION AND FIL-
ING THEREOF, HE DESIRES TO BE RETIRED, PROVIDED
THAT SUCH MEMBER AT THE TIME SO SPECIFIED FOR
HIS RETIREMENT SHALL HAVE ATTAINED THE AGE OF
SIXTY (60) OR SHALL HAVE RENDERED [THIRTY (30)]
TWENTY-FIVE (25) YEARS OF CREDITABLE SERVICE AS
AN EMPLOYEE AND NOTWITHSTANDING THAT DURING
SUCH PERIOD OF NOTIFICATION HE MAY HAVE SEPA-
RATED FROM SERVICE.

(B) ANY MEMBER IN SERVICE WHO IS NOT AN ELECTED
OR APPOINTED OFFICIAL OF THE STATE AND WHO HAS
ATTAINED THE AGE OF SEVENTY SHALL BE RETIRED
FORTHWITH OR ON THE FIRST DAY OF THE NEXT CALEN-
DAR MONTH.

    (2) Upon retirement for service a member shall receive a service

retirement allowance which shall consist of:

(a) An annuity which shall be the actuarial equivalent of his
accumulated contributions at the time of retirement; and

(b) A pension which shall be equal to one-hundred and
twentieth of his average final compensation multiplied by the number
of years of his service since he last
became a member; and

(c) If he has a prior service certificate in full force and effect, an
additional pension which shall be equal to one sixtieth of his average
final compensation multiplied by the
number of years of service
certified on his
prior service certificate;

(d) Provided, however, that if the member who has not attained

the age of sixty at the time of retirement has rendered less than

 

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Session Laws, 1971
Volume 707, Page 1010   View pdf image
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