1298                             Laws of Maryland                      [Ch. 409

AT THAT TIME OF A PENSION AND ADDITIONAL PENSION
PAYABLE AT THE AGE OF SIXTY OR AT THE AGE AT
WHICH THIRTY-FIVE YEARS OF CREDITABLE SERVICE
WOULD HAVE BEEN RENDERED HAD THE MEMBER CON-
TINUED IN SERVICE, WHICHEVER OCCURS FIRST, IN THE
AMOUNTS COMPUTED AS PROVIDED IN (B) AND (C) ABOVE
AND (E) (1) BELOW; OR SUCH MEMBER MAY ELECT AT
THE TIME OF RETIREMENT TO HAVE HIS SERVICE RE-
TIREMENT ALLOWANCE DEFERRED TO COMMENCE UPON
THE ATTAINMENT OF THE AGE OF SIXTY OR THE AGE
AT WHICH THIRTY-FIVE YEARS OF CREDITABLE SERVICE
WOULD HAVE BEEN RENDERED HAD THE MEMBER CON-
TINUED IN SERVICE, WHICHEVER OCCURS FIRST, IN
WHICH EVENT THE ANNUITY SHALL BE THE ACTUARIAL
EQUIVALENT OF HIS ACCUMULATED CONTRIBUTIONS AT
THAT AGE, AND THE PENSION OR PENSION UNDER (B)
AND (C) ABOVE AND (E) (1) BELOW SHALL BE IN THE
AMOUNTS COMPUTED AS THEREIN PROVIDED. A MEMBER
WHO HAS RENDERED AT LEAST THIRTY YEARS OF CRED-
ITABLE SERVICE AND HAS ATTAINED THE AGE OF FIFTY-
FIVE MAY ALSO RECEIVE THE BENEFITS SET FORTH IN
SUBSECTIONS (B), (C), AND (E) OF THIS SECTION WITH-
OUT ACTUARIAL REDUCTION, AND ANY SUCH ACTUARIAL
REDUCTION OF BENEFITS, AS SET FORTH IN THIS SUB-
SECTION SHALL BE CALCULATED FROM AGE SIXTY, OR
FROM THE AGE AT WHICH THE MEMBER WOULD HAVE
RENDERED THIRTY-FIVE YEARS OF CREDITABLE SERV-
ICE, OR WOULD HAVE ATTAINED AGE FIFTY-FIVE AND
WOULD HAVE RENDERED THIRTY YEARS OF CREDITABLE
SERVICE, WHICHEVER CALCULATION PROVIDES THE
LEAST ACTUARIAL REDUCTION.

(E) (1) NOTWITHSTANDING ANYTHING IN THIS SUB-
TITLE TO THE CONTRARY, IF THE RETIREMENT ALLOW-
ANCE CONSISTING OF THE ANNUITY RESULTING FROM
THE MEMBER'S REGULAR CONTRIBUTIONS AND THE
PENSION DETERMINED IN ACCORDANCE WITH PARA-
GRAPHS (B) AND (C) ABOVE IS LESS THAN ONE-SIXTIETH
OF AVERAGE FINAL COMPENSATION FOR EACH YEAR OF
CREDITABLE SERVICE, AN ADDITIONAL PENSION EQUAL
TO THE DIFFERENCE BETWEEN SUCH ALLOWANCE SHALL
BE PAYABLE; EXCEPT THAT AS TO ANY SUCH MEMBER
WHO CONTRIBUTED ON THE BASIS OF RETIREMENT AT
AGE 65 UNDER THE PROVISIONS OF SECTION 14 (1) (B),
AND AS TO ANY ELECTED OR APPOINTED OFFICIAL OR
EMPLOYEE WHO WAIVED THE PAYMENT OF SUCH CON-
TRIBUTIONS AS PROVIDED IN SECTIONS 3 (5) AND 9 (7),
AND ANY MEMBER WHO ELECTS TO DISCONTINUE CON-
TRIBUTIONS IN ACCORDANCE WITH THE PROVISIONS OF
SECTION 14 (1) (B), THE ADDITIONAL PENSION SO PRO-
VIDED HEREIN SHALL BE REDUCED BY THE ACTUARIAL
EQUIVALENT OF THOSE CONTRIBUTIONS WHICH HE HAD
NOT PAID, WITH INTEREST TO DATE OF RETIREMENT;
PROVIDED, THAT IF THE MEMBER WHO HAS NOT AT-
TAINED THE AGE OF SIXTY AT THE TIME OF RETIRE-
MENT HAS RENDERED LESS THAN THIRTY-FIVE YEARS
OF CREDITABLE SERVICE, THE ADDITIONAL PENSION