MARVIN MANDEL, Governor                             1825

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 § 11 (1)
(b), any elected or appointed official or employee who
waived the payment of such contributions as provided in
§§ 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.

14.

(2) (d) Immediately succeeding the valuation as of
June 30, 1973[;], the actuary engaged by the board of
trustees shall compute the rate per centum of the total
annual earnable compensation of all members which is
equivalent to four per centum of the amount of the total
pension and death benefit liability on account of all
members and beneficiaries which is not dischargeable by
the funds in hand and the aforesaid normal contribution
made on account of such members during the remainder of
their active service. The rate per centum so determined
shall be known as the "accrued liability contribution[,]"
rate.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.

Approved April 30, 1974.

CHAPTER 526
(House Bill 1273)
AN ACT concerning

Corrective Legislation — Vehicle Laws

FOR the purpose of correcting certain grammatical and
punctuation errors, obsolete agency designations,
and other technical errors in the laws relating to
motor vehicles.

BY repealing and re—enacting, with amendments.
Article 66 1/2 - Vehicle Laws