BLAIR LEE III,

Acting Governor

535

UPON WHICH SUCH 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. THE ANNUAL EARNINGS OF A SERVICE PENSIONER SHALL
BE DETERMINED BY THE DIFFERENCE BETWEEN HIS RETIREMENT
ALLOWANCE, AT THE TIME OF HIS RETIREMENT, AND HIS AVERAGE
FINAL COMPENSATION.

(10)   VESTED RETIREMENT ALLOWANCE. --ANYTHING IN THIS

ARTICLE TO THE CONTRARY NOTWITHSTANDING, ANY MEMBER WHOSE
SERVICE IS TERMINATED OTHER THAN BY DEATH OR RETIREMENT
AFTER HE HAS RENDERED FIVE 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 DEFERRED ALLOWANCE
COMMENCING AT AGE 60 AND SHALL BE COMPUTED AS A SERVICE
RETIREMENT ALLOWANCE AS PROVIDED UNDER SUBSECTION (2)(A) OF
THIS SECTION ON THE BASIS OF THE MEMBER'S CREDITABLE SERVICE
AND AVERAGE FINAL COMPENSATION AT THE TIME HIS SERVICE IS
TERMINATED.

SHOULD THE MEMBER WHO HAS ELECTED A VESTED RETIREMENT
ALLOWANCE REQUEST THE RETURN OF HIS CONTRIBUTIONS OR DIE
PRIOR TO THE DATE WHEN THE FIRST PAYMENT OF HIS RETIREMENT
ALLOWANCE BECOMES NORMALLY DUE, THE AMOUNT OF HIS
ACCUMULATED CONTRIBUTIONS SHALL BE RETURNED AND NO FURTHER
BENEFIT SHALL BE DUE OR BECOME PAYABLE ON ACCOUNT OF HIS
PREVIOUS MEMBERSHIP.

(11)  ELECTION TO HAVE PREMIUMS FOR STATE-APPROVED OR
LOCALLY APPROVED MEDICAL INSURANCE AND EMPLOYEES'
ORGANIZATIONS' INSURANCE, DUES AND CREDIT UNION PAYMENTS
PAID OUT OF ANNUITY. —NOTWITHSTANDING ANYTHING TO THE
CONTRARY IN THIS ARTICLE, ANY PERSON RETIRED FROM MEMBERSHIP
IN THE TEACHERS' RETIREMENT SYSTEM OF THE STATE OF MARYLAND,
MAY, AT HIS OPTION, ELECT TO HAVE THE PREMIUM OR ANY PART
THEREOF, FOR STATE-APPROVED MEDICAL INSURANCE FOR RETIRED
STATE TEACHERS OR FOR INSURANCE AUTHORIZED BY EMPLOYEES'
ORGANIZATIONS, DUES OF EMPLOYEES' ORGANIZATIONS AND PAYMENTS
TO THE STATE EMPLOYEES' CREDIT UNION OF MARYLAND, INC.,
DEDUCTED FROM HIS ANNUITY BY THE EMPLOYEES' RETIREMENT
SYSTEM AND PAID ON HIS BEHALF TO THE CARRIER SO APPROVED.

NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS
ARTICLE, ANY PERSON WHO RECEIVES HIS RETIREMENT ANNUITY
THROUGH THE TEACHERS' RETIREMENT SYSTEM OF THE STATE OF
MARYLAND MAY, AT HIS OPTION, ELECT TO HAVE THE PREMIUM OR
ANY PART THEREOF, FOR LOCALLY APPROVED MEDICAL INSURANCE
PARTICIPATED IN BY THE CITY OF BALTIMORE OR ANY OF THE
COUNTIES FOR TEACHERS RETIRED FROM EMPLOYMENT BY BALTIMORE
CITY OR ANY OF THE COUNTIES, DEDUCTED FROM HIS ANNUITY BY
THE TEACHERS' RETIREMENT SYSTEM AND RETURNED TO THE
APPROPRIATE JURISDICTION FOR PAYMENT ON HIS BEHALF TO THE
CARRIER SO APPROVED, HOWEVER, NEITHER THE TEACHERS'
RETIREMENT SYSTEM OF THE STATE OF MARYLAND NOR ANY OTHER
STATE AGENCY OR INSTRUMENTALITY SHALL BE OTHERWISE
RESPONSIBLE FOR THE PAYMENT OF ANY PART OF THE PREMIUM FOR
THE ABOVE-MENTIONED MEDICAL INSURANCE APPROVED BY THE CITY