2400 LAWS OF MARYLAND [Ch. 697
Article 73B — Pensions
11.
(19) ANY CORRECTIONAL OFFICER SERVING IN ANY OF THE
FIRST SIX JOB CLASSIFICATIONS [[OR ANY TOLL FACILITY
POLICE OFFICER SERVING IN AMY CLASSIFICATION AS A TOLL
FACILITY POLICE OFFICER]] WHO HAS COMPLETED 20 YEARS OF
CREDITABLE SERVICE AND WHO HAS SERVED AS A CORRECTIONAL
OFFICER [[OR TOLL FACILITY POLICE OFFICER, AS THE CASE
MAY BE,]] IN ONE OF THESE CLASSIFICATIONS FOR FIVE OR
MORE YEARS IMMEDIATELY PRECEDING RETIREMENT MAY RETIRE
AND RECEIVE A RETIREMENT ALLOWANCE EQUAL TO 1/55 OF HIS
AVERAGE FINAL COMPENSATION MULTIPLIED BY THE NUMBER OF
YEARS OF SERVICE [[IN THAT CLASS FOR EACH OF THE FIRST 25
YEARS AND 1/110 OF HIS AVERAGE FINAL COMPENSATION
MULTIPLIED BY THE NUMBER OF YEARS OF SERVICE IN THAT
CLASS FOR EACH YEAR THEREAFTER. IF HE HAS OTHER STATE
SERVICE CREDIT, HE SHALL RECEIVE AN ADDITIONAL ALLOWANCE
EQUAL TO 1/60 OF HIS AVERAGE FINAL COMPENSATION FOR EACH
YEAR OF OTHER STATE SERVICE CREDIT]]. RETIREMENT FOR A
CORRECTIONAL OFFICER [[OR TOLL FACILITY POLICE OFFICER]]
IN THESE CLASSIFICATIONS IS MANDATORY WHEN HE ATTAINS THE
AGE OF 60 YEARS; HOWEVER, YEAR-TO-YEAR EXTENSIONS MAY BE
PERMITTED BEYOND AGE 60 WITH THE APPROVAL OF THE
COMMISSIONER OF CORRECTION.
THE BENEFITS FOR ORDINARY DISABILITY FOR ANY
CORRECTIONAL OFFICER [[OR TOLL FACILITY POLICE OFFICER]]
IN THESE CLASSIFICATIONS, WHO HAS SERVED AS A
CORRECTIONAL OFFICER [[OR TOLL FACILITY POLICE OFFICER]]
IN ONE OF THESE CLASSIFICATIONS FOR FIVE YEARS
IMMEDIATELY PRECEDING RETIREMENT, SHALL BE COMPUTED IN
THE MANNER DESCRIBED IN THIS SUBSECTION. THE BENEFIT FOR
ACCIDENTAL DISABILITY SHALL BE COMPUTED AS PROVIDED BY
SECTION 11(7) OF THIS ARTICLE. IN CASES OF VESTED
RETIREMENT ALLOWANCE AS PROVIDED UNDER SECTION 11(15),
THE BENEFITS PAYABLE TO ANY CORRECTIONAL OFFICER [[OR
TOLL FACILITY POLICE OFFICER]] IN THESE CLASSIFICATIONS,
WHO HAS SERVED AS A CORRECTIONAL OFFICER [[OR TOLL
FACILITY POLICE OFFICER 11 IN ONE OF THESE CLASSIFICATIONS
FOR FIVE OR MORE YEARS IMMEDIATELY PRECEDING RETIREMENT,
SHALL COMMENCE UPON ATTAINMENT OF AGE 55 YEARS.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.
Approved May 31, 1974.
CHAPTER 698
|