MARVIN MANDEL, Governor

3255

CHAPTER 730

(House Bill 889)

AN ACT concerning

Teachers' Retirement System

FOR the purpose of permitting certain members of the
Teachers' Retirement System to receive eligibility
credit by paying for reserves on an installment
basis, with a final adjustment to be made in the
year in which the member retires; providing for a
final adjustment to be made by a surviving spouse in
certain instances; deleting a certain restriction
concerning membership for post—secondary teaching
service; and clarifying language.

BY repealing and re—enacting, with amendments,

Article 77 - Public Education

Section 194(7)

Annotated Code of Maryland

(1969 Replacement Volume and 1974 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 194(7) of Article 77 - Public
Education, of the Annotated Code of Maryland (1969
Replacement Volume and 1974 Supplement) be and it is
hereby repealed and re—enacted, with amendments, to read
as follows:

Article 77 — Public Education

194.

(7) A member may receive [in the year in which he
retires] credit towards eligibility for benefits provided
under § 195 of this article for out—of—state public
school teaching service, nonpublic school teaching
service or [instate] post—secondary teaching service up
to a maximum of ten years[, provided he shall file claim
therefor] IF THE MEMBER FILES A CLAIM FOR IT with the
board of trustees and [shall pay] PAYS into the
retirement system[,] an amount equal to the reserves
required to fund the additional allowance for [such]
WHATEVER years of out-of-state and/or nonpublic school
teaching service or [in-state] post—secondary teaching
service as he may claim. THE MEMBER MAY PAY FOR THE
RESERVES ON AN INSTALLMENT BASIS BY CONTRIBUTING NOT LESS
THAN 5 PERCENT OF CURRENT SALARY A YEAR. THE APPROPRIATE
FINAL ADJUSTMENTS SHALL BE MADE IN THE YEAR IN WHICH THE