HARRY HUGHES, Governor

1523

[(iii)] 3. Credited to the
individual account of the member.

(II) AFTER JUNE 30, 1981, OR THE
TERMINATION DATE OF ANY PRIOR CONTRACT, THE FULL 5 PERCENT
OF THE MEMBER'S EARNABLE COMPENSATION THAT IS IN EXCESS OF
THE TAXABLE WAGE BASE MAY NOT BE PROVIDED FOR EXCEPT AS A
DEDUCTION FROM THE SALARY OF THE MEMBER.

Article 88B - State Police

56.

All of the assets of the retirement system shall be
credited, according to the purpose for which they are held,
among three funds, namely, the Annuity Savings Fund, the
Accumulation Fund, and the Expense Fund.

(1) (b) Commencing as of July 1, 1973, the head of the
department shall cause to be deducted from the salary of
each member on each and every payroll of such department for
each and every payroll period, eight per centum of his
earnable compensation. AFTER JUNE 30, 1981, OR THE
TERMINATION DATE OF ANY PRIOR CONTRACT, THE FULL 8 PERCENT
OF THE MEMBER'S EARNABLE COMPENSATION MAY NOT BE PROVIDED
FOR EXCEPT AS A DEDUCTION FROM THE SALARY OF THE MEMBER. In
determining the amount earnable by a member in a payroll
period, the board of trustees may consider the annual
compensation payable to such member on the first day of the
payroll period as continuing throughout such payroll period
and it may omit deduction from compensation for any period
less than a full payroll period if an employee was not a
member on the first day of the payroll period, and to
facilitate the making of deductions it may modify the
deduction required of any member by such an amount as shall
not exceed one tenth of one per centum of the annual
compensation upon the basis of which such deduction is made.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 12, 1981.

CHAPTER 264

(Senate Bill 181)

AN ACT concerning

The State Board of Commissioners of Practical
Plumbing - Enforcement Powers