HARRY HUGHES, Governor

135

(17)  NOTWITHSTANDING ANY OTHER PROVISION IN THIS
SUBTITLE, ANY MEMBER OF ANY HEALTH CARE PROGRAM SPONSORED BY
THE MAYOR AND CITY COUNCIL OF BALTIMORE WHO IS RETIRED OR
MAY BE RETIRED AND WHO IS RECEIVING OR WHO WILL RECEIVE
BENEFITS FROM THIS PENSION SYSTEM, AFTER RETIREMENT, MAY
ELECT TO HAVE THE PART OF THE PREMIUM PAYABLE BY HIM FOR THE
HEALTH CARE INSURANCE COVERAGE DEDUCTED FROM THE BENEFITS
PAYABLE TO HIM BY THIS PENSION SYSTEM AND PAID BY THIS
SYSTEM TO THE MAYOR AND CITY COUNCIL OF BALTIMORE FOR
PAYMENT ON HIS BEHALF TO THE CARRIER OF THE INSURANCE.

(18)  ANY ALLOWANCE SHALL BE REDUCED BY THE AMOUNT OF
ANY WORKMEN'S COMPENSATION BENEFITS PAID OR PAYABLE AFTER
THE EFFECTIVE DATE OF RETIREMENT OUT OF AN ACCIDENTAL
PERSONAL INJURY OR OCCUPATIONAL DISEASE THAT ARISES OUT OF
AND IN THE COURSE OF THE RETIRED MEMBER'S EMPLOYMENT BY A
PUBLIC SCHOOL IF THE WORKMEN'S COMPENSATION BENEFITS ARE
PAID OR PAYABLE FOR A PERIOD DURING WHICH AN ALLOWANCE IS
PAID OR PAYABLE. THIS SUBSECTION APPLIES TO BOTH THE
RETIRED MEMBER AND ANY DESIGNATED BENEFICIARY.

146. ADJUSTMENT OF RETIREMENT ALLOWANCE.

(1)   WITH RESPECT TO EACH FISCAL YEAR, EACH RETIRED
MEMBER'S RETIREMENT ALLOWANCE, EXCLUSIVE OF ANY ADDITIONAL
VOLUNTARY ANNUITY, SHALL BE ADJUSTED AS PROVIDED IN THIS
SECTION.

(2)   (A) EACH RETIRED MEMBER SHALL HAVE A BASE WHICH
SHALL BE EITHER THE CONSUMER PRICE INDEX U. S. CITY AVERAGE
- ALL URBAN CONSUMERS FOR THE CALENDAR YEAR ENDING DECEMBER
31 OF THE FISCAL YEAR IN WHICH HE WAS LAST EMPLOYED, OR THE
SIMILAR CONSUMER PRICE INDEX FOR THE CALENDAR YEAR ENDING
DECEMBER 31 OF THE FISCAL YEAR THAT PRECEDED THE LAST
RETIREMENT ALLOWANCE ADJUSTMENT, WHICHEVER IS LATER, EXCEPT
THAT AS TO ANY MEMBER WHO DEFERRED HIS RETIREMENT IN
ACCORDANCE WITH § 145(14) OF THIS SUBTITLE, THE BASE SHALL
BE EITHER THE CONSUMER PRICE INDEX U. S. CITY AVERAGE - ALL
URBAN CONSUMERS FOR THE CALENDAR YEAR ENDING DECEMBER 31 OF
THE FISCAL YEAR IN WHICH HE ATTAINED THE AGE OF 62, OR THE
SIMILAR CONSUMER PRICE INDEX FOR THE CALENDAR YEAR ENDING
DECEMBER 31 OF THE FISCAL YEAR WHICH PRECEDED THE LAST
RETIREMENT ALLOWANCE ADJUSTMENT, WHICHEVER IS LATER.

(B)   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 31 OF THE PRECEDING FISCAL YEAR.

(C)   THE ADJUSTMENT IN RETIREMENT ALLOWANCE FOR
THE FISCAL YEAR IN WHICH THE RETIREMENT ALLOWANCE IS PAYABLE
SHALL BE THE INITIAL ANNUAL RATE OF RETIREMENT ALLOWANCE
MULTIPLIED BY THE PERCENTAGE CHANGE IN THE CONSUMER PRICE
INDEX IN SUBSECTION (2)(B) OF THIS SECTION FROM THE CONSUMER
PRICE INDEX IN SUBSECTION (2)(A) OF THIS SECTION.