Marvin Mandel, Governor                       1297

equivalent basis., UNLESS THE MEMBER HAS ATTAINED THE
AGE OF FIFTY-FIVE AND HAS RENDERED AT LEAST
THIRTY YEARS OF CREDITABLE SERVICE.

(2)  The annuity provided as a result of voluntary contributions
permitted under this subtitle and its amendments shall be payable and
shall not be used in determining the additional pension, if any, payable
under this subdivision, nor in determining the disability pension
under Section 195, subsection (4).

(3)   The payment of the additional pensions provided herein shall
be provided for in the budget bill submitted to the General Assembly
by the Governor and on receipt of the warrant of the Comptroller,
annual payments shall be made by the Treasurer of the State of
Maryland to the aforesaid retirement system of the amounts required
to meet the current disbursements for such additional pensions. To
this amount shall be added an amount equal to such additional pen-
sions for teachers who are members of the employees' retirement
system of the City of Baltimore, had they been members of the
Teachers' Retirement System of Maryland which amount shall be
paid to the mayor and city council of Baltimore.

(4)  Any member of the system who made additional voluntary
contributions under Section 198 (d) of this subtitle, prior to July 1,
1962, may withdraw the additional amount of contributions, with
interest, provided that refund is requested within one year after
July 1, 1962.

(5)  The provisions of subsection (2) (e) herein apply to members
who retired prior to June 30, 1962, as well as those who retire
after that date.

11.

(3) UPON RETIREMENT FOR SERVICE A MEMBER SHALL
RECEIVE A SERVICE RETIREMENT ALLOWANCE WHICH
SHALL CONSIST OF:

(A)   AN ANNUITY WHICH SHALL BE THE ACTUARIAL
EQUIVALENT OF HIS ACCUMULATED CONTRIBUTIONS AT
THE TIME OF RETIREMENT; AND

(B)  A PENSION WHICH SHALL BE EQUAL TO ONE ONE-
HUNDRED AND TWENTIETH OF HIS AVERAGE FINAL COM-
PENSATION MULTIPLIED BY THE NUMBER OF YEARS OF
HIS SERVICE SINCE HE LAST BECAME A MEMBER; AND

(C)  IF HE HAS A PRIOR SERVICE CERTIFICATE IN FULL
FORCE AND EFFECT, AN ADDITIONAL PENSION WHICH
SHALL BE EQUAL TO ONE SIXTIETH OF HIS AVERAGE
FINAL COMPENSATION MULTIPLIED BY THE NUMBER OF
YEARS OF SERVICE CERTIFIED ON HIS PRIOR SERVICE
CERTIFICATES;

(D)  PROVIDED, HOWEVER, THAT IF THE MEMBER WHO
HAS NOT ATTAINED THE AGE OF SIXTY AT THE TIME OF
RETIREMENT HAS RENDERED LESS THAN THIRTY-FIVE
YEARS OF CREDITABLE SERVICE, THE PENSION AND AD-
DITIONAL PENSION, IF ANY, SHALL BE PAYABLE AT RE-
TIREMENT AND SHALL BE THE ACTUARIAL EQUIVALENT