Ch. 459                             MARVIN MANDEL, Governor                              969

(b)  A pension which together with his annuity shall provide a total retirement
allowance equal to two per centum] BE COMPUTED AS ONE FORTY-FIFTH
OF HIS average final compensation for each of the first twenty-five years of
creditable service, and one [per centum] NINETIETH of his average final
compensation for each year after the first twenty-five years of creditable service;
provided that the pension which shall be payable to any member who has more
than twenty-five years of creditable service as of July 1, 1965, shall not be less than
the sum of pension, additional pension and supplemental pension he would have
received upon service retirement under the provisions of this subtitle in effect prior
to July 1, 1965.

(B) EFFECTIVE JULY 1, 1973, THE PROVISIONS OF THIS
SUBSECTION SHALL BE APPLICABLE TO MEMBERS WHO RETIRED
PRIOR TO JULY 1, 1973.

(c)   Upon the death of any member who has retired on a retirement service
allowance:

(i) There shall be paid to his widow, if he leaves a widow, to continue during her
widowhood, one half of his retirement allowance, or

(ii) If there be no widow, or if the widow dies or remarries before the [younger]
YOUNGEST child of such deceased member shall have attained the age of
eighteen, then one half of the deceased member's retirement allowance shall be
paid to his child or children, under said age if he leaves children, divided in such
manner as the board in its discretion shall determine to continue as a joint and
survivorship pension for the benefit of the child or children under said age until
every child dies or attains said age.

53.

(4) (A) Upon retirement for ordinary disability a member shall receive a service
retirement allowance if he has attained the age of 50, otherwise he shall receive an
ordinary disability 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, together with his annuity shall provide a total retirement
allowance equal to two per centum] BE COMPUTED AS ONE FORTY-FIFTH
of his average final compensation for each of the first twenty-five years of
creditable service and one [per centum] NINETIETH of his average final
compensation for each year after the first twenty-five years of creditable service,
but in no event shall the total retirement allowance be less than thirty-five per
centum of his average final compensation.

(B) EFFECTIVE JULY 1, 1973, THE PROVISIONS OF THIS
SUBSECTION SHALL BE APPLICABLE TO MEMBERS WHO RETIRED
PRIOR TO JULY 1, 1973.

53.

(8) (A) Upon the receipt of proper proofs of the death of a member in service
there shall be paid TO THE MEMBER'S ESTATE OR to such person having an
insurable interest in the life of the deceased, as he shall have nominated by written
designation duly executed and filed with the board of trustees [, otherwise to his
estate]: