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Session Laws, 1976
Volume 734, Page 527   View pdf image
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MARVIN MANDEL, Governor                                          527

MARYLAND TEACHERS' RETIREMENT SYSTEM

26.04.00.01 Retirement Contributions
State, County, Baltimore
City and University of Maryland

Teachers.....................           69,705,338

Montgomery County Library

Employees ...................                   165,000

General Fund Appropriation................ 69,870,338

The State Comptroller is hereby

authorized to pay to the Teachers'
Retirement System, Federal Funds
appropriated in the State Depart-
ment of Education's Budget, and
Federal and Special Funds appro-
priated in the University of Mary-
land's Budget for their respective
share of retirement costs.

26.04.00.03 Consumer Price Index Adjustment to

Teachers' Pensions

General Fund Appropriation, contingent
upon enactment of legislation limiting
the annual percentage increase to a
maximum adjustment of 5% of the base
retirement allowance, and providing
that if such legislation is not enacted,
any difference between the actual
Consumer Price Index and 5% must be
provided from other General Fund
sources................................. 18,881,475

SUMMARY
Total General Fund Appropriation........ 88,751,813

STATE POLICE RETIREMENT SYSTEM

26.05.00.01 Retirement Contributions
State Police Retirement

System.......................         3,055,434

State Police Pension Fund.....             33,000

General Fund Appropriation................. 3,088,434

26.05.00.03 Consumer Price Index

Adjustment to State Police Pensions
General Fund Appropriation, contingent
upon enactment of legislation
limiting the annual percentage

 

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Session Laws, 1976
Volume 734, Page 527   View pdf image
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