Marvin Mandel, Governor                         891

Sec. 3. And be it further enacted, That new Section 195A be and
it is hereby added to Article 77 of the Annotated Code of Maryland
(1969 Replacement Volume and 1970 Supplement), title "Public Ed-
ucation," subtitle "Chapter 17. Teachers' Retirement System," to
follow immediately after Section 195 thereof, and to read as follows:

195A.

(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 pre-
ceding Fiscal Year.

(3)    The ratio of adjustment of the retirement allowance referred
to in subsection (a) of this section shall be obtained by dividing the
Consumer Price Index in subsection (b) (2) by the Consumer 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 195 of this Article,
exclusive of any additional voluntary annuity. This retirement al-
lowance, however, shall not include the supplemental payments made
under Section 198(7) of this Article or the one-sixth increase thereof
granted by Section 195(12) of this Article.

(d)    For the purposes of this section, Consumer Price Index shall
mean the Consumer Price Index (all items—United States City aver-
age), 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 Sec-
tions 195 and 198(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 195(6) and 195(7) of this Article.

Sec. 4. And be it further enacted, That new Section 53A SEC-
TIONS 34A AND 53A be and it is THEY ARE hereby added to
Article 88B of the Annotated Code of Maryland (1969 Replacement
Volume and 1970 Supplement), title "State Police," subtitle SUB-
TITLES RESPECTIVELY "PENSIONS" AND "State Police Re-
tirement System," to follow immediately after Section 53 SECTIONS
34 AND 53 thereof, and to read as follows: