Ch. 459                             MARVIN MANDEL, Governor                                 963

retirement system and the various cities and counties of the State which operate
local retirement or pension systems for teachers. On the receipt of the warrant of
the Comptroller, the Treasurer of the State of Maryland shall immediately transfer
to the State retirement system the amounts due and shall pay to the treasurer of
each city or county operating a local retirement or pension plan covering teachers
the amount due.

[(b) To cover the requirements of the system for the period prior to the first
day of October, nineteen hundred and twenty-nine, there is hereby authorized for
the Pension Accumulation Fund and for the Expense Fund the use of any funds
that may be provided therefor in an amendment or supplement to the budget, or in
a supplementary appropriation bill.

(c) Notwithstanding the provisions of § 192, subsection (3) of this article, from
and after July 1, 1968, any teacher who is newly employed by the City of
Baltimore and becomes eligible to join the Teachers' Retirement System, shall
become a member of said retirement system. 1

[(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 § 195 of this article,
on the following basis:

(a)  Which is not less than the rate of the supplementary payment received by
any beneficiary prior to July 1, 1962, and

(b)  Which, when added to the benefits provided pursuant to § 195 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 supplementary 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

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

Beneficiary Receiving

Under Sec. 195 of                  Length of Supplementary

Teachers' Retirement Law Service               Payments

$ 900                           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

3600                            25 years                      300

3900                            25 years                      225

4200                            25 years                      150

4500                            25 years                       75

4800                            25 years                         0 and