HARRY HUGHES, Governor

77

prior to the establishment of the system from which he is
transferring, and (2) service rendered since January 1,
1926, for which he was entitled to membership credit in the
system from which he is transferring, if such sum is greater
than the membership service credit for all continuous
service since January 1, 1926. Provided, however, that
nothing herein shall preclude any elected or appointed
member of the General Assembly from so transferring his
membership and the deposit of his accumulated contributions
into any State retirement system at any time including a
time more than one year from the date of refund from the
corresponding fund. Any person who had terminated his
membership in any retirement system, which is being operated
on an actuarial basis, upon deposit into the retirement
system he has entered, of the accumulated contributions
previously withdrawn from the other actuarial system, with
interest to date of deposit, may receive credit for the
service that had previously been terminated with the
condition, however, that he may not retire within three
years after date of entry in the system except for
retirement due to disability in which instance the
three-year limitation shall not apply.]

32A.

(a)   Any employee who is a member of such a retirement
system and who transfers to another such system as a result
of an involuntary transfer of employment shall have both his
contributions and the employer's contributions transferred
to the system which he thus joins. The employer
contributions so transferred shall be an amount equal to the
employee's accumulated contributions as defined in
subsection (13) of § 1 of this article, unless an actuarial
valuation is requested by the administrative board of either
retirement system, in which case the cost of said valuation
shall be borne equally by the two systems. [The rate of
contribution for any employee so transferred on or after
July 1, 1965 shall be determined by his age when he joined
the original system.]

(b)   Any employee who has been so transferred, [since
July 1, 1965,] whose rate of contribution is reduced or
increased [to the rate determined by his age when he joined
the original system,] shall have any excess contributions he
has made refunded to him and shall pay the amount of any
shortage of contributions.

33.

Upon becoming a member of the retirement system to
which he has transferred, such person shall thereafter pay
the rate of contribution applicable to a [new entrant at his
attained age] MEMBER and be eligible for such pension and
annuity as is provided by law in such retirement system,
including the credits for previous service in the retirement
system from which he has transferred as provided in § 32 of
this subtitle, with the condition, however, that if he