HARRY HUGHES, Governor
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the date of establishment of the retirement system,
administering the Employees' Retirement System of the State
of Maryland to the extent that the same may be practicable.
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
appropriations 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.
(10) 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.
(11) The board of trustees shall keep a record of all
its proceedings, which shall be open to public inspection.
It shall publish annually a report showing the fiscal
transactions of the Retirement System for the preceding
fiscal year, the amount of the accumulated cash and
securities of the system, and the last balance sheet showing
the financial condition of the Retirement System by means of
an actuarial valuation of the assets and liabilities of the
system.
(12) The Attorney General of the State shall be the
legal adviser of the board of trustees.
(13) 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.
(14) 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.
(15) Immediately after the establishment of the
Retirement System the actuary shall make such investigation
of the mortality, service and compensation experience and
expectancy of the members of the system as he shall
recommend and the board of trustees shall authorize, for the
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