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Session Laws, 1972
Volume 708, Page 705   View pdf image
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Marvin Mandel, Governor                         705

14.

(1) (b) The proportion so computed for a member of the age of
59 shall be applied to a member who attains a greater age before he
becomes a member of the retirement system. The board of trustees
shall certify to the head of each department, and the head of each
department shall cause to be deducted from the salary of each mem-
ber on each and every payroll of such department for each payroll
period, the proportion of earnable compensation of each member
so computed, except that the percentage rate of contribution of any
member who was contributing prior to July 1, 1947, on the basis of
retirement at age 65 shall not be changed unless [, prior to March
31, 1964,] the member elects to contribute on the basis of retirement
at age 60 and makes retroactive contributions with accrued interest
accounting from July 1, 1947, to and including the date he elects
to contribute on the basis of retirement at age 60. But the head
of any department shall not have any deduction made for annuity
purposes from the compensation of a member who elects not to
contribute if he has attained the age of 60 and has completed thirty
years of service. In determining the amount earnable by a member
in a payroll period, the board of trustees may consider the rate of
annual compensation payable to such member on the first day of
the payroll period as continuing throughout such payroll period, and
it may omit deduction from compensation for any period less than
a full payroll period if an employee was not a member on the first
day of the payroll period, and to facilitate the making of deductions
it may modify the deduction required of any member by such an
amount as shall not exceed one-tenth of one per centum of the
annual compensation upon the basis of which such deduction is to
be made.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1972.

Approved May 5, 1972.

CHAPTER 188
(Senate Bill 38)

AN ACT to repeal and re-enact, with amendments, Section 13 (a)
of Article 95A of the Annotated Code of Maryland (1969 Replace-
ment Volume), title "Unemployment Insurance Law," subtitle
"Employment Service"; to add new Section 9(10) to Article 73B
of said Code (1970 Replacement Volume), title "Pensions," sub-
title "In General," to permit retirement credit to employees of the
Division of Employment Service while the Service was under U.S.
control.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 13(a) of Article 95A of the Annotated Code of Mary-
land (1969 Replacement Volume), title "Unemployment Insurance
Law," subtitle "Employment Service," be and it is hereby repealed
and re-enacted, with amendments, to read as follows:

 

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Session Laws, 1972
Volume 708, Page 705   View pdf image
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