HARRY HUGHES, Governor

3151

to carry out the duties and business of the retirement
system. The board shall engage such actuarial and other
professional services as shall be required to transact the
business of the retirement system, and the board shall
determine the amounts of compensation to be paid for such
services. The compensation of all other persons engaged by
the retirement system, and all other expenses of the board
necessary for the operation of the retirement system shall
be paid at such rates and in such amounts as the Secretary
of Personnel shall approve, and in accordance with
appropriation made by the General Assembly. The Secretary
of Personnel is authorized to delegate to the assistant
secretary of personnel for retirement systems such
administrative duties conferred upon the Secretary by this
section as the Secretary deems appropriate.

(9)  The board of trustees shall keep in convenient
form such data as shall be necessary for actuarial valuation
of the various funds of the retirement system, and for
checking the experience of the system.

(10)  The board of trustees shall keep a record of all
its proceedings which shall be open to public inspection.
It shall publish annually on or before the first day of
January a report showing the fiscal transactions of the
retirement system for the preceding school year, the amount
of the accumulated cash and securities of the system, and
the last balance sheet showing the financial condition of
the system by means of an actuarial valuation of the assets
and liabilities of the retirement system.

(11)  The Attorney General of the State of Maryland
shall be the legal adviser of the board of trustees.

(12)  The board of trustees shall designate a medical
board to be composed of three physicians not eligible to
participate in the retirement system. If required, other
physicians may be employed to report on special cases. The
medical board shall arrange for and pass upon all medical
examinations required under the provisions of this subtitle,
shall investigate all essential statements and certificates
by or on behalf of a member in connection with an
application for disability retirement, and shall report in
writing to the board of -trustees its conclusions and
recommendations upon all the matters referred to it.

(13)  The board of trustees shall designate an actuary
who shall be the technical adviser of the board of trustees
on matters regarding the operation of the funds created by
the provisions of this subtitle, and shall perform such
other duties as are required in connection therewith.

(14)  Immediately after the establishment of the
retirement system the actuary shall make such investigation
of the mortality, service and compensation experience of the