HARRY HUGHES, Governor                               3883

employees of the State; providing for normal
contributions and rates and certain adjustments along
with accrued liability contributions; providing for the
certification of contributions and the levying of taxes
to pay them; providing for the payment of the
contributions and members' contributions with certain
penalties; and providing for the crediting of such
amounts.

BY repealing and reenacting, with amendments,

Article 73B - Pensions

Section 26 and 135

Annotated Code of Maryland

(1978 Replacement Volume and 1981 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
read(s) as follows:

Article 73B - Pensions

26.

(a)  The actuary of the Employees' Retirement System of
the State shall compute the contributions which would be
payable annually [by the State] on behalf of members who are
employees of a participating municipal corporation as though
they were State employees. [The contributions so computed
shall be certified by the trustees of the Employees'
Retirement System to the chief fiscal officer of each
participating municipal corporation.] The amounts [which
would be payable by the State on account of such employees
of a participating municipal corporation if they were State
employees, including a pro rata share of the cost of the
administration of the said retirement system, based upon the
payroll of the employees of such participating municipal
corporation,] COMPUTED shall be a charge against such
participating municipal corporation TO BE PAID IN ACCORDANCE
WITH THE PROVISIONS OF THIS SECTION.

(b)  [Each participating municipal corporation shall
make a special accrued liability contribution on account of
its approval of the participation of its officers and
employees in the Employees' Retirement System of the State,
which contribution shall be determined by an actuarial
valuation of the accrued liability on account of the
officers and employees of such participating municipal
corporation who elected to become members in the same manner
as the accrued liability was originally determined for State
employees. This special accrued liability contribution
determined as hereinafter provided, subject to such
adjustment as may be necessary on account of any additional
prior service credits awarded to officers or employees of