890                              Laws of Maryland                      [Ch. 424

(e)    In no instance shall any retired member receive less than the
benefits to which he would be entitled under the provisions of Section
125 of this Article.

(f)    The allowance of a surviving beneficiary of a retired mem-
ber shall, when and if payable, be adjusted by the same ratio as pro-
vided in this section.

(g)    This section shall not apply to benefits payable under Sec-
tion 125 (c) (1-5) and 125(c) (1-6) of this Article.

Sec. 2. And be it further enacted, That new Section 11A be and it
is hereby added to Article 73B of the Annotated Code of Maryland
(1969 1970 Replacement Volume and 1970 Supplement), title "Pen-
sions," subtitle "In General," to follow immediately after Section 11
thereof, and to read as follows:

11A.

(a) For the fiscal year beginning July 1, 1971, and for each
fiscal year thereafter, each retired member's retirement allowance as
hereunder defined, exclusive of any additional voluntary annuity,
shall be adjusted by a ratio as provided in this section.

(b)(1) Each retired member shall have a base which shall be
the Consumer Price Index for the calendar year ending December
31st of the Fiscal Year in which he retired WAS LAST EMPLOYED.

(2)    The Consumer Price Index to be used for the Fiscal Year in
which the retirement allowance is payable shall be the Consumer
Price Index for the calendar year ending December 31st of the
preceding Fiscal Year.

(3)    The ratio of adjustment of the retirement allowance re-
ferred to in subsection (a) of this section shall be obtained by di-
viding the Consumer Price Index in subsection (b) (2) by the Con-
sumer Price Index in subsection (b) (1) of this section.

(c)    For the purposes of this section the retirement allowance
referred to in subsection (a) of this section, shall be that retirement
allowance elected by the member under Section 11 of this Article,
exclusive of any additional voluntary annuity. This retirement al-
lowance, however, shall not include the supplemental payments made
under Section 14(7) of this Article, or the one-sixth increase thereof
granted by Section 11(17) of this Article.

(d)    For the purposes of this section, Consumer Price Index shall
mean the Consumer Price Index (all items—United States City av-
erage), as published by the United States Department of Labor,
Bureau of Labor Statistics.

(e)    In no instance shall any retired member receive less than the
benefits to which he would be entitled under the provisions of Sections
11 and 14(7) of this Article.

(f)    The allowance of a surviving beneficiary of a retired member
shall, when and if payable, be adjusted by the same ratio as provided
in this section.

(g)    This section shall not apply to benefits payable under Sec-
tions 11 (9) and 11(10) of this Article.