HARRY HUGHES, Governor
215
AND, WHEN HE BECOMES 62 YEARS OLD OR ANY EARLIER DATE AS
PROVIDED IN THIS SUBSECTION, HE SHALL RECEIVE A BENEFIT
EQUAL TO THE STATE PROVIDED PART OF HIS VESTED RETIREMENT
ALLOWANCE.
IF THE MEMBER DIES BEFORE THE DATE WHEN THE FIRST
PAYMENT OF HIS VESTED RETIREMENT ALLOWANCE NORMALLY BECOMES
DUE, THE AMOUNT OF HIS ACCUMULATED CONTRIBUTIONS SHALL BE
PAYABLE TO HIS PERSONAL REPRESENTATIVE OR TO THE PERSON THE
MEMBER HAS NOMINATED BY WRITTEN DESIGNATION, EXECUTED AND
FILED WITH THE BOARD OF TRUSTEES.
(15) NOTWITHSTANDING ANY OTHER PROVISION OF THIS
SUBTITLE, ANY PERSON RETIRED FROM MEMBERSHIP IN THIS PENSION
SYSTEM MAY ELECT TO HAVE THE PREMIUM, OR ANY PART OF IT, 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
ALLOWANCE BY THIS PENSION SYSTEM AND PAID ON HIS BEHALF TO
THE CARRIER.
(16) NOTWITHSTANDING ANY OTHER PROVISION OF THIS
SUBTITLE, ANY PERSON WHO RECEIVES HIS RETIREMENT ALLOWANCE
THROUGH THIS PENSION SYSTEM MAY ELECT TO HAVE THE PREMIUM,
OR ANY PART OF IT, FOR LOCALLY APPROVED MEDICAL INSURANCE
PARTICIPATED IN BY ANY COUNTY FOR TEACHERS RETIRED FROM
EMPLOYMENT BY ANY COUNTY, DEDUCTED FROM HIS ALLOWANCE BY
THIS PENSION SYSTEM AND RETURNED TO THE APPROPRIATE
JURISDICTION FOR PAYMENT ON HIS BEHALF TO THE CARRIER.
HOWEVER, NEITHER THIS PENSION SYSTEM OR INSTRUMENTALITY
SHALL BE OTHERWISE RESPONSIBLE FOR THE PAYMENT OF ANY PART
OF THE PREMIUM FOR THE MEDICAL INSURANCE APPROVED BY ANY
COUNTY.
(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.
|