Ch. 460                             MARVIN MANDEL, Governor                                1021

into the Pension Accumulation Fund during the period of such reduction.]

[(5)] (3) The Expense Fund shall be the fund to which shall be credited all
money provided by the State to pay the administration expenses of the Retirement
System and from which shall be paid all the expenses necessary in connection with
the administration and operation of the system. Annually the board of trustees
shall estimate the amount of money, not in excess of one and four-tenths per
centum of the payroll of members, which shall be deemed necessary to be paid into
the Expense Fund during the ensuing year to provide for the expense of operation
of the retirement system, and such amount shall be paid to the Expense Fund for
this purpose.

[(6)] (4) On or before the first day of November next preceding each regular
meeting of the General Assembly of Maryland, the board of trustees shall certify
to the Governor the amounts which will become due and payable during the year
next following to each of the funds of the funds of the Retirement System. The
amount thus ascertained shall be included in the budget bill which is submitted to
the General Assembly.

The board of trustees shall certify one-quarter of the amount so ascertained for
each year to the State Comptroller on or before the last day of December,
February, May and September. The Comptroller shall, on or before the first day
of January, March, June and October, draw a warrant or warrants on the State
Treasurer for the respective amounts due the Retirement System. On the receipt of
the warrant of the Comptroller, the State Treasurer shall immediately transfer to
the Retirement System the amounts due.

[(7 The board of trustees is hereby authorized and directed subject to the
annual appropriation of the necessary funds and in addition to those provided in
accordance with and in the same manner as that provided in subsections (1), (2),
(3), (4), (5), and (6), of this section, and subject to the conditions hereinafter
provided, to make a supplementary payment to any beneficiary who was retired
prior to July 1, 1971, in addition to the benefits provided in §53 of this article, on
the following basis:

(a)  Which, when added to the benefits provided pursuant to § 53 of this article
is not less than $2,000 per annum; provided, however, that the said beneficiary is
credited with 25 years of service, and provided that any beneficiary having less
than 25 years of creditable service shall have his supplemental payment reduced in
proportion to the ratio of the number of years of creditable service divided by 25,
and provided that no such reduction shall be made for any beneficiary who has
retired for disability prior to June 30, 1968, and

(b)  Which is computed pro rata on the basis of the following condensed table:

Beneficiaries
Receiving Under	Length of
§ 53 of This Article	Service	Payments
$ 1900	25 Years	$ 1100
1200	25 Years	900
1500	25 Years	825
1800	25 Years	750
2100	25 Years	675
2400	25 Years	600
2700	25 Years	525
3000	25 Years	450
3300	25 Years	375