900

Laws of Maryland

[Ch. 424

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

BENEFICIARIES

RECEIVING UNDER

SECTION 53 OF

THIS ARTICLE

$ 900
1200
1500
1800
2100
2400
2700
3000
3300
3600
3900
4200
4500
4800

LENGTH OF
SERVICE

25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS
25 YEARS

SUPPLEMENTARY
PAYMENTS

$1100
900
825
750
675
600
525
450
375
300
225
150
75
0 AND

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

$4800—B         C.S.

-------------- X

25

IN WHICH FORMULA "B" REPRESENTS "BENEFITS PRO-
VIDED BY SECTION 53" AND "C.S." REPRESENTS "YEARS
OF CREDITABLE SERVICE," AND

(D)    PROVIDED THAT THE RETIREMENT ALLOWANCE
USED IN CALCULATING THE SUPPLEMENTARY PAYMENT
SHALL BE THE TOTAL BENEFITS PROVIDED IN SECTION
53 OF THIS ARTICLE EXCEPT THAT IT SHALL NOT BE
BASED ON ANY OPTIONAL BENEFIT CHOSEN BY THE
BENEFICIARY [OR MEMBER].

(E)    WHEN DETERMINING THE AMOUNT OF SUPPLE-
MENTARY PAYMENTS, THE BOARD OF TRUSTEES SHALL
NOT CONSIDER ANY ADDITIONAL VOLUNTARY CONTRI-
BUTIONS BY ANY EMPLOYEE TO HIS ANNUITY SAVINGS
ACCOUNT.

SEC. 8. AND BE IT FURTHER ENACTED, THAT FOR THE
1972 FISCAL YEAR ONLY THE ADJUSTMENTS AUTHORIZED
BY SECTIONS 1 THROUGH 4 OF THIS ACT SHALL BE PAY-
ABLE ONLY FROM AND TO THE EXTENT THAT MONIES TO
PAY THE ADJUSTMENT ARE AVAILABLE FROM EXCESS
INVESTMENT EARNINGS OF THE SYSTEM.

Sec. 5 9. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved May 17, 1971.