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HARRY HUGHES, Governor 1783
BY adding to
Article 73B - Pensions
Section 32 and 32A
Annotated Code of Maryland
(1978 Replacement Volume and 1980 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:
Article 73B - Pensions
[8.
Any elected or appointed official who has become a
member of the Employees' Retirement System, in the
discretion of the board of trustees, may elect at any time
before the expiration of his term of office, to transfer to
another system operated on an actuarial basis, either under
the laws of this State, or under the laws of any political
subdivision of this State, upon accepting office or
employment which makes it possible or mandatory for him to
participate in such other system.]
31.
Any person who is a member of any retirement OR PENSION
system, [which is being] operated on an actuarial basis,
with contributions being made during the active service of
[new] members which are computed to be sufficient to provide
the reserves needed to cover the [retirement] benefits
payable on their account, either under the laws of this
State or under the laws of any political subdivision of this
State, may transfer [his] THAT membership to any other such
retirement OR PENSION system upon accepting office or
employment which makes it possible or mandatory for [him]
THE MEMBER to participate in [such] THE other system and if
[such] acceptance of THE office or employment would make it
impossible for [him] THE MEMBER to continue as a
contributing member of the retirement system [of which he
has been a member] FROM WHICH THE MEMBER TRANSFERS.
[32.
Any such person desiring so to transfer his membership
shall notify the administrative head of the retirement
system of which he is a member prior to or at the time of
his withdrawal therefrom of his intention to enter the other
retirement system, and shall request a refund of the total
amount of the accumulated contributions standing to his
credit in the Annuity Savings Fund, or other corresponding
fund, of the system of which he is a member. Upon his
entry into the other retirement system and the deposit of
such accumulated contributions in the Annuity Savings Fund
or other corresponding fund thereof, within one year of the
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