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Session Laws, 1972
Volume 708, Page 1246   View pdf image
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1246                             Laws of Maryland                      [Ch. 381

In the determination of average final compensation, any extraordi-
nary salary increase in the last year prior to retirement shall be
excluded;, and for this purpose an extraordinary salary increase is
an increase in earnable compensation for the particular year, over

the earnable compensation for the next prior year, which much

exceeds an average or usual increase from year to year and which,

because of the unusual increase, would cause on inequity to the
Retirement System and the members and beneficiaries thereof and

to the fair purpose of the Retirement System if made the basis for

determining average final compensation in this instance. The THE
Board of Trustees by a rule of general application shall determine
what constitutes an extraordinary salary increase.

Article 77
190.

(15) "Average final compensation" shall mean the average an-
nual earnable compensation of a teacher for the three years of service,
as a teacher during which his earnable compensation was highest,
or if he had less than three years of service, then his average earnable
compensation for his total service. Effective July 1, 1971, the provi-
sions of this subsection shall be applicable to members who retired
after July 1, 1970, as well as to those members who retire on or
after July 1, 1971. Effective July 1, 1972, the provisions of this sub-
section shall be applicable to those members who retired on or prior
to July 1, 1970.

In the determination of average final compensation, any extraordi-
nary salary increase in the last year prior to retirement shall be
excluded;, and for this purpose an extraordinary salary increase is
an increase in earnable compensation for the particular year, over

the earnable compensation for the next prior year, which much

excess an average or usual increase from year to year and which,

because of the unusual increase, would cause an inequality to the

Retirement System and the members and beneficiaries thereof and

to the fair purpose of the Retirement System if made the basis for

determining average final compensation in this instance. The THE
Board of Trustees by a rule of general application shall determine
what constitutes an extraordinary salary increase.

Article 88B
49.

(15) "Average final compensation" shall mean the average an-
nual earnable compensation of an employee during the three [con-
secutive] years of service as an employee, during which his earnable
compensation was highest or if he had less than three years of
service, then his average earnable compensation for his total service
[; provided, however, that during the three-year period immediately
following July 1, 1965, "average final compensation" will be supple-
mented by a sum equal to 1/60 of $1600 multiplied by the number of
months remaining in the three-year period subsequent to the effective
date of retirement]. Effective July 1, 1971, the provisions of this
subsection shall be applicable to members who retired after July 1,
1970, as well as to those members who retire on or after July 1, 1971.
Effective July 1, 1972, the provisions of this subsection shall be
applicable to those members who retired on or prior to July 1, 1970.

 

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Session Laws, 1972
Volume 708, Page 1246   View pdf image
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