MARVIN MANDEL, Governor

2113

any part thereof, for state—approved medical insurance
for retired State Police or for insurance authorized by
employees' organizations, dues of employees'
organizations and payments to the State Employees' Credit
Union of Maryland, Inc., deducted from this] THE annuity
by the Employees' Retirement System and paid on his OR
HER behalf to the carrier so approved.

(14)    Notwithstanding any other provision of law to
the contrary, a retired member who is receiving a service
retirement allowance may accept temporary employment in
which all or part of the compensation therefor comes from
State funds, [provided he] IF THE RETIRED MEMBER
immediately notifies the board of trustees of his OR HER
intention to accept [such] THAT employment and specifies
the compensation to be received [therefor] and [further
provided] IF the retirement allowance received by [him]
THE RETIRED MEMBER, computed without optional
modification, plus the annual remuneration for the
position, [shall] DOES not exceed in amount the average
final compensation upon which [such] THE retirement
allowance was based, except that there shall be no
limitation on retirement allowance for any such member
who has been retired for a period of more than ten years.
Such temporary employment [shall] MAY not be in a
regularly allocated position and [shall] MAY not in any
consecutive [twelve (12)] 12 month period be in excess of
six [(6) ] months of full—time employment or its
equivalence in part—time employment. The annual earnings
of a service pensioner shall be determined by the
difference between [his] THE retirement allowance, at the
time of his OR HER retirement, and his OR HER average
final compensation.

(15)    Anything in this article to the contrary
notwithstanding, any member whose service is terminated
other than by death or retirement after [he has rendered
fifteen] RENDERING 15 or more years of creditable service
may elect to receive a vested retirement allowance in
lieu of the return of [his] accumulated contributions.
The vested retirement allowance [shall be] IS a deferred
allowance commencing at age [fifty and shall consist] 50
AND CONSISTS of:

(a)     An annuity which shall be the actuarial
equivalent of the member's accumulated contributions at
age [fifty] 50; and

(b)    A pension computed as provided under § 53(2)
of this article on the basis of [his] creditable service
and average final compensation at the time [his] service
is terminated.

[Should] IF the member who has elected a vested