954                                        LAWS OF MARYLAND                                Ch. 459

what would have been his accumulated contributions therein had he in effect
belonged to the system from the time he was first eligible to become a member
thereof to the time of making application for such membership, together with
regular interest thereon.

(5a) Any person who has served as a teacher in any private school in Maryland
which school has by reason of accepting and educating without charge, children
eligible for but unable to attend public school by reason of the absence of public
school facilities in the community, and who is presently serving as a public school
teacher in Maryland shall be given membership service for the period spent in such
private school prior to the year 1940. To be eligible to receive credit for this
membership service, the person shall pay to the retirement system the full amount
of what would have been his accumulated contributions therein had he in fact been
a member of the retirement system during the period spent in the private school.

(6)   The board of trustees may, in its discretion, deny the right to become
members to any class of teachers whose compensation is only partly paid by the
State or who are serving on a temporary or other than per annum basis, and it
may also in its discretion make optional with members in any such class their
individual entrance into membership.

(7)   Should any member in any period of six consecutive years after last
becoming a member be absent from service more than five years, or should he
withdraw his accumulated contributions, or should he become a beneficiary or die,
he shall thereupon cease to be a member. However, any such person who has
withdrawn his accumulated contributions (other than one who has become a
beneficiary or died) may subsequently redeposit in the retirement system the
amount of accumulated contributions previously withdrawn, with interest to the
date of redeposit, and regain previous service credit with the condition, however,
that he may not retire within three years after the date of reentry in the retirement
system.

Any member who had terminated membership in the Employees' Retirement
System or the State Police Retirement System may and upon deposit into the
Teachers' Retirement System of the accumulated contributions previously
withdrawn from the Employees' System or the State Police System, with interest
to date of deposit, receive credit in the Teachers' System for the service that had
previously been terminated with the condition, however, that he may not retire
within three years after the date of entry in the Teachers' Retirement System.

195.

(2) 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 compensation 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] BE COMPUTED AS;

(A) ONE FIFTY-FIFTH of his average final compensation multiplied by the
number of years of HIS CREDITABLE service [certified on his prior service
certificate;].