136
LAWS OF MARYLAND
Ch. 23
(D) THE ADJUSTMENT PROVIDED FOR IN SUBSECTION
(2)(C) OF THIS SECTION MAY NOT EXCEED 3 PERCENT OF THE
INITIAL ANNUAL RATE OF RETIREMENT ALLOWANCE.
(E) THE TOTAL RETIREMENT ALLOWANCE PAYABLE TO
EACH MEMBER IN ANY FISCAL YEAR SHALL BE THE SUM OF THE
MEMBER'S INITIAL ANNUAL RATE OF RETIREMENT ALLOWANCE, ALL
PRIOR ADJUSTMENTS IN RETIREMENT ALLOWANCE GRANTED, THE
ADJUSTMENT IN RETIREMENT ALLOWANCE PROVIDED FOR UNDER
SUBSECTION (2)(C) OF THIS SECTION, AND ANY ADDITIONAL
VOLUNTARY ANNUITY.
(F) THE ALLOWANCE OF A SURVIVING BENEFICIARY OF
A MEMBER OR A RETIRED MEMBER SHALL, WHEN AND IF PAYABLE, BE
ADJUSTED IN THE SAME MANNER AS PROVIDED IN THIS SECTION.
147. ADMINISTRATION.
(1) RESPONSIBILITY FOR OPERATION. THE GENERAL
ADMINISTRATION AND RESPONSIBILITY FOR THE PROPER OPERATION
OF THIS PENSION SYSTEM AND FOR MAKING THIS SUBTITLE
EFFECTIVE ARE VESTED IN THE BOARD OF TRUSTEES CREATED UNDER
§ 87 OF THIS SUBTITLE. THE BOARD SHALL HAVE THE POWERS AND
DUTIES SET FORTH IN THIS SECTION.
(2) THE ATTORNEY GENERAL OF THE STATE SHALL BE THE
LEGAL ADVISOR OF THE BOARD OF TRUSTEES.
(3) THE BOARD OF TRUSTEES SHALL DESIGNATE A MEDICAL
BOARD TO BE COMPOSED OF THREE PHYSICIANS WHO ARE NOT
ELIGIBLE TO PARTICIPATE IN THIS PENSION SYSTEM TO REPORT ON
SPECIAL CASES. THE MEDICAL BOARD SHALL:
(I) ARRANGE FOR AND PASS ON ALL MEDICAL
EXAMINATIONS REQUIRED UNDER THIS SUBTITLE;
(II) INVESTIGATE ALL ESSENTIAL STATEMENTS AND
CERTIFICATES BY OR ON BEHALF OF A MEMBER IN CONNECTION WITH
AN APPLICATION FOR DISABILITY RETIREMENT; AND
(III) REPORT IN WRITING TO THE BOARD OF TRUSTEES
ITS CONCLUSIONS AND RECOMMENDATIONS ON ALL MATTERS REFERRED
TO IT.
(4) THE BOARD OF TRUSTEES SHALL DESIGNATE AN ACTUARY
WHO SHALL:
(I) BE THE TECHNICAL ADVISER OF THE BOARD OF
TRUSTEES ON MATTERS REGARDING THE OPERATION OF THE FUNDS
CREATED BY THIS SUBTITLE; AND
(II) PERFORM ANY OTHER DUTIES AS REQUIRED IN
CONNECTION WITH THESE FUNDS.
(5) UNTIL THE INITIAL INVESTIGATION OF THE MORTALITY,
SERVICE, AND COMPENSATION EXPERIENCE OF THE MEMBERS OF THIS
PENSION SYSTEM, THE ACTUARY SHALL USE THE MORTALITY AND
|