550                                     LAWS OF MARYLAND                                       Ch. 22

TEACHING SERVICE AND WHO IS RECEIVING ANY RETIREMENT
BENEFITS UNDER THE PROVISIONS OF THE STATE TEACHERS'
RETIREMENT SYSTEM OF THE STATE OF MARYLAND, WHERE SUCH
BENEFITS IN THE AGGREGATE ARE LESS THAN $150 PER MONTH, AN
ADDITIONAL SUM NOT EXCEEDING $50 PER MONTH UPON APPLICATION
TO THE COUNTY COMMISSIONERS; AND SAID COMMISSIONERS SHALL
ANNUALLY LEVY AN AMOUNT SUFFICIENT TO PAY SUCH ADDITIONAL
BENEFITS. PROVIDED, THAT THE SUM GRANTED TO ANY APPLICANT
BY THE SAID COUNTY COMMISSIONERS SHALL BE SUCH THAT WHEN
ADDED TO WHATEVER ANY SUCH PERSON IS RECEIVING AS RETIREMENT
PAY UNDER OTHER LAWS, THE TOTAL SHALL NOT EXCEED $150 PER
MONTH.

95.  GUARANTY.

THE CREATION AND MAINTENANCE OF RESERVES IN THE
ACCUMULATION FUND, THE MAINTENANCE OF ANNUITY RESERVES AND
PENSION RESERVES AS PROVIDED FOR, AND REGULAR INTEREST
CREDITABLE TO THE VARIOUS FUNDS AS PROVIDED IN §84 OF THIS
SUBTITLE, AND THE PAYMENT OF ALL PENSIONS, ANNUITIES,
RETIREMENT ALLOWANCES, REFUNDS AND OTHER BENEFITS GRANTED
UNDER THE PROVISIONS OF THIS SUBTITLE, AND ALL EXPENSES IN
CONNECTION WITH THE ADMINISTRATION AND OPERATION OF THIS
RETIREMENT SYSTEM ARE HEREBY MADE OBLIGATIONS OF THE STATE
OF MARYLAND. ALL INCOME, INTEREST AND DIVIDENDS DERIVED
FROM DEPOSITS AND INVESTMENTS AUTHORIZED BY THIS SUBTITLE
SHALL BE USED FOR THE PAYMENT OF THE SAID OBLIGATIONS OF
SAID STATE. ANY AMOUNTS DERIVED THEREFROM WHICH, WHEN
COMBINED WITH THE REGULAR AMOUNTS, OTHERWISE CONTRIBUTABLE
BY THE STATE OF MARYLAND AS PROVIDED UNDER THE PROVISIONS OF
THIS SUBTITLE, EXCEED THE AMOUNT REQUIRED TO PROVIDE SUCH
OBLIGATIONS, SHALL BE USED TO REDUCE REGULAR APPROPRIATIONS
OTHERWISE REQUIRED, EXCEPT AS OTHERWISE PROVIDED IN
§89(2)(J) OF THIS SUBTITLE.

96.   BENEFITS EXEMPT FROM EXECUTION, ETC.; NONASSIGNABLE.

THE RIGHT OF A PERSON TO A PENSION, AN ANNUITY, OR A
RETIREMENT ALLOWANCE, TO THE RETURN OF CONTRIBUTIONS, THE
PENSION, ANNUITY OR RETIREMENT ALLOWANCE ITSELF, ANY
OPTIONAL BENEFIT OR DEATH BENEFIT, ANY OTHER RIGHT ACCRUED
OR ACCRUING TO ANY PERSON UNDER THE PROVISIONS OF THIS
SUBTITLE, AND THE MONEY IN THE VARIOUS FUNDS CREATED BY
THIS SUBTITLE, SHALL NOT BE SUBJECT TO EXECUTION,
GARNISHMENT, ATTACHMENT, OR ANY OTHER PROCESS WHATSOEVER,
AND SHALL BE UNASSIGNABLE.

97.       PROTECTION AGAINST FRAUD.

ANY PERSON WHO SHALL KNOWINGLY MAKE ANY FALSE STATEMENT
OR SHALL FALSIFY OR PERMIT TO BE FALSIFIED ANY RECORD OR
RECORDS OF THIS RETIREMENT SYSTEM IN ANY ATTEMPT TO DEFRAUD
SUCH SYSTEM AS A RESULT OF SUCH ACT SHALL BE GUILTY OF A
MISDEMEANOR, AND SHALL BE PUNISHABLE THEREFOR UNDER THE LAWS
OF THE STATE OF MARYLAND. SHOULD ANY CHANGE OR ERROR IN
THE RECORDS RESULT IN ANY MEMBER OR BENEFICIARY RECEIVING
FROM THE RETIREMENT SYSTEM MORE OR LESS THAN HE WOULD HAVE
BEEN ENTITLED TO RECEIVE HAD THE RECORDS BEEN CORRECT, THE