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Session Laws, 1978
Volume 736, Page 1688   View pdf image
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1688                                        LAWS OF MARYLAND                                 Ch. 503

average annual earnable compensation of a teacher for the
three years of service as a teacher during which the
teacher's earnable compensation was highest, or if the
teacher had less than three years of service, then the
teacher's average earnable compensation for his or her total
service. IF A TEACHER TRANSFERRED FROM ANOTHER ACTUARIAL
RETIREMENT SYSTEM IN THE STATE AND HAD LESS THAN THREE YEARS
SERVICE AT THE TIME OF RETIREMENT, THE EARNABLE COMPENSATION
AS A MEMBER IN THE OTHER SYSTEM MAY BE USED IN DETERMINATION
OF "AVERAGE FINAL COMPENSATION".

(B) In the determination of average final
compensation, any extraordinary salary increase in the last
three years of service that would otherwise be included in
average final compensation shall be excluded, and the board
of trustees by a rule of general application shall determine
what constitutes an extraordinary salary increase. The
provisions of this paragraph of the definition of "average
final compensation" do not apply in cases of promotion.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 16, 1971

CHAPTER 504

(Senate Bill 816)

AN ACT concerning

Pensions — Optional Allowances

FOR the purpose of standardizing the language relating to
optional allowances in the several State Retirement
Systems.

BY repealing and reenacting, with amendments,

Article 73B - Pensions

Section 86 (8) (a)

Annotated Code of Maryland

(As enacted by Chapter ____ of the Acts

of the General Assembly of 1978)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland

(as enacted by Chapter ____ of the Acts of the General

Assembly of 1978) be repealed, amended, or enacted to read
as follows:

Article 73B -

Pensions

 

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Session Laws, 1978
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