5240

VETOES

within 2 years of such termination. The vested retirement
allowance is a deferred allowance commencing at age 50 and
shall be computed as one forty-fifth of his average final
compensation for each of the first twenty-five years of
creditable service, and one ninetieth of his average final
compensation for each year after the first twenty-five years
of creditable service.

If the [member] PERSON who has elected a vested
retirement allowance requests the return of his or her
contributions [or dies] prior to [the date when the first
payment of the retirement allowance becomes normally due]
THE PERSON'S EFFECTIVE RETIREMENT DATE, the amount of the
accumulated contributions shall be returned and no further
benefit shall be due or become payable on account of
previous membership.

UPON RECEIPT OF PROPER PROOFS OF THE DEATH OF THE
PERSON WHO HAS ELECTED A VESTED RETIREMENT ALLOWANCE AND
DIES PRIOR TO HIS OR HER EFFECTIVE RETIREMENT DATE, THE
AMOUNT OF THAT PERSON'S ACCUMULATED CONTRIBUTIONS SHALL BE
PAID TO THE BENEFICIARY THE PERSON HAS NOMINATED BY WRITTEN
DESIGNATION DULY EXECUTED AND FILED WITH THE BOARD OF
TRUSTEES, OR IF THERE BE NO DESIGNATED BENEFICIARY, THEN TO
THE PERSON'S ESTATE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.

June 1, 1982
The Honorable Benjamin L. Cardin
Speaker of the House of Delegates
State House
Annapolis, Maryland 21404

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the
Maryland Constitution, I have today vetoed House Bill 480.

This bill provides that when a person has elected a
vested retirement allowance dies prior to retirement, their
accumulated contributions may be returned to their
designated beneficiary.

Senate Bill 263, which was passed by the General
Assembly and signed by me on June 1, 1982 accomplishes the
same purpose. Therefore, it is not necessary for me to sign
House Bill 480.

Sincerely,
Harry Hughes