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Session Laws, 1971
Volume 707, Page 898   View pdf image
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898

Laws of Maryland

[Ch. 424

(B)    WHICH IS NOT LESS THAN THE RATE OF THE
SUPPLEMENTARY PAYMENT RECEIVED BY ANY BENEFI-
CIARY PRIOR TO JULY 1, 1962, AND WHICH, WHEN ADDED
TO THE BENEFITS PROVIDED PURSUANT TO SECTION 31
OF THIS ARTICLE IS NOT LESS THAN $2,000 PER ANNUM;
PROVIDED, HOWEVER, THAT THE SAID BENEFICIARY [,
OR MEMBER 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,] HAV-
ING LESS THAN 25 YEARS OF CREDITABLE SERVICE SHALL
HAVE HIS SUPPLEMENTAL PAYMENT REDUCED IN PRO-
PORTION TO THE RATIO OF THE NUMBER OF YEARS OF
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

(C)    WHICH IS COMPUTED PRO RATA ON THE BASIS OF
THE FOLLOWING CONDENSED TABLE:

BENEFICIARIES

RECEIVING UNDER

SECTION 31 OF

LENGTH OF

SUPPLEMENTARY

THIS ARTICLE

SERVICE

PAYMENTS

$ 900

25 YEARS

$1100

1200

25 YEARS

900

1500

25 YEARS

825

1800

25 YEARS

750

2100

25 YEARS

675

2400

25 YEARS

600

2700

25 YEARS

525

3000

25 YEARS

450

3300

25 YEARS

375

3600

25 YEARS

300

3900

25 YEARS

225

4200

25 YEARS

150

4500

25 YEARS

75

4800

25 YEARS

0 AND

(D) WHICH PRO RATA COMPUTATION IS MADE BY THE
USE OF THE FOLLOWING FORMULA:

$4800—B

X

c.s.

25

IN WHICH FORMULA "B" REPRESENTS "BENEFITS PRO-
VIDED BY SECTION 31" 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

 

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Session Laws, 1971
Volume 707, Page 898   View pdf image
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