984                                    LAWS OF MARYLAND                             Ch. 460

BY WHICH HIS DATE OF RETIREMENT PRECEDES THE EARLIER OF
(A) THE DATE HE WOULD HAVE ATTAINED AGE SIXTY OR (B) THE
DATE HE WOULD HAVE COMPLETED THIRTY YEARS OF
CREDITABLE SERVICE HAD HE CONTINUED IN SERVICE; AND (II)
PROVIDED FURTHER THAT IN THE CASE OF ANY MEMBER WHO
CONTRIBUTED ON THE BASIS OF RETIREMENT AT AGE 65 UNDER
THE PROVISIONS OF SECTION 14(1)(B), ANY ELECTED OR
APPOINTED OFFICIAL OR EMPLOYEE WHO WAIVED THE PAYMENT
OF SUCH CONTRIBUTIONS AS PROVIDED IN SECTION 3(5) AND 9(7),
AND ANY MEMBER WHO HAS ELECTED TO DISCONTINUE
CONTRIBUTIONS IN ACCORDANCE WITH THE PROVISIONS OF
SECTION 14(1)(B),THE SERVICE RETIREMENT ALLOWANCE SHALL
BE REDUCED BY THE ACTUARIAL EQUIVALENT OF THOSE
CONTRIBUTIONS WHICH HE HAS NOT PAID, WITH INTEREST TO
DATE OF RETIREMENT.

(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]

(1)   NOTWITHSTANDING ANYTHING IN THIS SUBTITLE TO THE
CONTRARY, IF THE ANNUITY RESULTING FROM THE MEMBER'S
REGULAR CONTRIBUTIONS IS LESS THAN ONE-HALF OF THE
RETIREMENT ALLOWANCE FOR MEMBERSHIP SERVICE
DETERMINED UNDER PARAGRAPH (A)(I) OF THIS SUBSECTION (3)
THE DIFFERENCE, REFERRED TO HEREINAFTER AS THE
"ADDITIONAL PENSION", SHALL BE PAYABLE AS PROVIDED
UNDER SECTION 3(B)(3); EXCEPT THAT SUCH ADDITIONAL PENSION
SHALL BE REDUCED BY THE AMOUNT, IF ANY, DETERMINED
UNDER PARAGRAPH (A) (II) OF THIS SUBSECTION (3).

(2)   THE ANNUITY PROVIDED AS A RESULT OF VOLUNTARY
CONTRIBUTIONS PERMITTED UNDER THIS SUBTITLE AND ITS
AMENDMENTS SHALL BE PAYABLE AND SHALL NOT BE USED IN
DETERMINING THE ADDITIONAL PENSION, IF ANY, DETERMINED
UNDER THIS SUBDIVISION.

(3)  THE PAYMENT OF THE ADDITIONAL PENSIONS DETERMINED
HEREIN SHALL BE PROVIDED FOR IN THE BUDGET BILL
SUBMITTED TO THE GENERAL ASSEMBLY BY THE GOVERNOR AND
ON RECEIPT OF THE WARRANT OF THE COMPTROLLER, ANNUAL
PAYMENTS SHALL BE MADE BY THE TREASURER OF THE STATE OF
MARYLAND TO THE AFORESAID RETIREMENT SYSTEM OF THE
AMOUNTS REQUIRED TO MEET THE CURRENT DISBURSEMENTS
FOR SUCH ADDITIONAL PENSIONS.

(4)     EFFECTIVE JULY 1, 1973, THE PROVISIONS OF THIS
SUBSECTION (3) SHALL APPLY TO MEMBERS WHO RETIRED PRIOR
TO JULY 1, 1973.

[(c) If he has a prior service certificate in full force and effect, an additional
pension which shall be equal to one sixtieth of his average final compensation
multiplied by the number of years of service certified on his prior service
certificates;

(d) Provided, however, that if the member who has not attained the age of sixty
at the time of retirement has rendered less than thirty-five years of creditable
service, the pension and additional pension, if any, shall be payable at retirement