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Session Laws, 1983
Volume 745, Page 2384   View pdf image
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2384                                                        VETOES BENEFIT PROVIDED UNDER THE OPTION 4 ALLOWANCE. 81. In this subtitle the following words have the meanings
indicated unless context requires otherwise: (16)   "Annuity" means payments for life derived from
the accumulated contributions of a member. All annuities shall
be payable in equal monthly installments, EXCEPT WHERE OTHERWISE
AUTHORIZED BY RULE OF THE BOARD OF TRUSTEES AS AN ACTUARIALLY
EQUIVALENT BENEFIT PROVIDED UNDER THE OPTION 4 ALLOWANCE. (17)   "Pension" means payments for life derived from
money provided by the State of Maryland. All pensions shall be
payable in equal monthly installments, EXCEPT WHERE OTHERWISE
AUTHORIZED BY RULE OF THE BOARD OF TRUSTEES AS AN ACTUARIALLY
EQUIVALENT BENEFIT PROVIDED UNDER THE OPTION 4 ALLOWANCE. 111. In this subtitle the following words have the meanings
indicated. (15)   "Annuity" means the payments for life derived
from the accumulated contributions of a member. All annuities
shall be payable in equal monthly installments, EXCEPT WHERE
OTHERWISE AUTHORIZED BY RULE OF THE BOARD OF TRUSTEES AS AN
ACTUARIALLY EQUIVALENT BENEFIT PROVIDED UNDER THE OPTION 4
ALLOWANCE. (16)   "Retirement allowance" means payments for life
or any optional benefit that is payable instead. All retirement
allowances shall be payable in equal monthly installments, EXCEPT
WHERE OTHERWISE AUTHORIZED BY RULE OF THE BOARD OF TRUSTEES AS AN
ACTUARIALLY EQUIVALENT BENEFIT PROVIDED UNDER THE OPTION 4
ALLOWANCE. 140. In this subtitle the following words have the meaning
indicated. (15)   "Annuity" means the payments for life derived
from the accumulated contributions of a member. All annuities
shall be payable in equal monthly installments, EXCEPT WHERE
OTHERWISE AUTHORIZED BY RULE OF THE BOARD OF TRUSTEES AS AN
ACTUARIALLY EQUIVALENT BENEFIT PROVIDED UNDER THE OPTION 4
ALLOWANCE. (16)   "Retirement allowance" means the payments for
life or any optional benefit that is payable instead. All
retirement allowances shall be payable in equal monthly
installments, EXCEPT WHERE OTHERWISE AUTHORIZED BY RULE OF THE


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Session Laws, 1983
Volume 745, Page 2384   View pdf image
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