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Session Laws, 1978
Volume 736, Page 536   View pdf image
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536

LAWS OF MARYLAND

Ch. 22

OF BALTIMORE OR ANY OF THE COUNTIES.

(11A) ELECTION TO HAVE PREMIUMS FOR HEALTH CARE
INSURANCE IN BALTIMORE CITY DEDUCTED FROM BENEFITS.
—NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS ARTICLE,
ANY MEMBER OF ANY HEALTH CARE PROGRAM SPONSORED BY THE MAYOR
AND CITY COUNCIL OF BALTIMORE WHO HAS BEEN RETIRED OR
HEREAFTER MAY BE RETIRED AND WHO IS RECEIVING OR WHO WILL
RECEIVE BENEFITS FROM THE TEACHERS' RETIREMENT SYSTEM, MAY,
AFTER RETIREMENT, AT HIS OPTION, ELECT TO HAVE THAT PORTION
OF THE PREMIUM PAYABLE BY HIM FOR SAID HEALTH CARE INSURANCE
COVERAGE DEDUCTED FROM THE BENEFITS PAYABLE TO HIM BY THE
TEACHERS' RETIREMENT SYSTEM AND PAID BY SAID SYSTEM TO THE
MAYOR AND CITY COUNCIL OF BALTIMORE FOR PAYMENT ON HIS
BEHALF TO THE CARRIER OF SAID INSURANCE.

(12) INCREASE IN RETIREMENT ALLOWANCE TO RETIRED
MEMBER. —ANY PERSON ON JULY 1, 1969 WHO IS RECEIVING A
RETIREMENT ALLOWANCE UNDER THIS ARTICLE OR WHO IS RECEIVING
SUCH AN ALLOWANCE AS THE BENEFICIARY OF SUCH A PERSON SHALL
RECEIVE AN ADDITIONAL AMOUNT AS PROVIDED HEREIN. THE
ADDITIONAL AMOUNT SHALL BE EQUAL TO ONE SIXTH OF THE TOTAL
SUM REPRESENTED BY THE RETIREMENT ALLOWANCE PAYABLE UNDER
THIS ARTICLE AND ANY SUPPLEMENTARY PAYMENT RECEIVED UNDER
THE PROVISIONS OF §89 (7) OF THIS SUBTITLE AFTER ANY
REDUCTION MADE IN ACCORDANCE WITH §89(7) (F) OF THIS
SUBTITLE. HOWEVER, THE ADDITIONAL AMOUNT OF ONE SIXTH AS
PROVIDED IN THIS SUBSECTION SHALL NOT BE APPLIED TO OR
PAYABLE FOR ANY ANNUITY PROVIDED THROUGH VOLUNTARY
CONTRIBUTIONS UNDER §89(1)(D) OF THIS SUBTITLE.

86A. ADJUSTMENT OF RETIREMENT ALLOWANCE.

(A)    FOR THE FISCAL YEAR BEGINNING JULY 1, 1971, AND
FOR EACH FISCAL YEAR THEREAFTER, EACH RETIRED MEMBER'S
RETIREMENT ALLOWANCE AS HEREUNDER DEFINED, EXCLUSIVE OF ANY
ADDITIONAL VOLUNTARY ANNUITY, SHALL BE ADJUSTED BY A RATIO
AS PROVIDED IN THIS SECTION.

(B)   (1) EACH RETIRED MEMBER SHALL HAVE A BASE WHICH
SHALL BE THE CONSUMER PRICE INDEX FOR THE CALENDAR YEAR
ENDING DECEMBER 31ST OF THE FISCAL YEAR IN WHICH HE WAS LAST
EMPLOYED, EXCEPT THAT AS TO ANY MEMBER WHO DEFERRED HIS
RETIREMENT IN ACCORDANCE WITH THE PROVISIONS OF §86(10) OF
THIS SUBTITLE, THE BASE SHALL BE THE CONSUMER PRICE INDEX
FOR THE CALENDAR YEAR ENDING DECEMBER 31ST OF THE FISCAL
YEAR IN WHICH HE ATTAINED THE AGE OF 60.

(2)   THE CONSUMER PRICE INDEX TO BE USED FOR THE FISCAL
YEAR IN WHICH THE RETIREMENT ALLOWANCE IS PAYABLE SHALL BE
THE CONSUMER PRICE INDEX FOR THE CALENDAR YEAR ENDING
DECEMBER 31ST OF THE PRECEDING FISCAL YEAR.

(3)     THE RATIO OF ADJUSTMENT OF THE RETIREMENT
ALLOWANCE REFERRED TO IN SUBSECTION (A) OF THIS SECTION
SHALL BE OBTAINED BY DIVIDING THE CONSUMER PRICE INDEX IN
SUBSECTION (B) (2) BY THE CONSUMER PRICE INDEX IN SUBSECTION

(B)(1) OF THIS SECTION.

 

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Session Laws, 1978
Volume 736, Page 536   View pdf image
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