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Session Laws, 1984
Volume 759, Page 2215   View pdf image
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HARRY HUGHES, Governor

2215

tables as the board of trustees shall adopt and an interest rate
of 4 percent per year compounded annually, the actuary of the
retirement system shall determine for each member who shall have
become a member prior to July 1, 1973 the proportion of
compensation which, when deducted from each payment of his
prospective earnable annual compensation prior to his attainment
of age 60 and accumulated at interest of 4 percent per year
compounded annually, until his attainment of such age shall be
computed to provide at that time an annuity equal to one
one-hundred and fortieth of his average final compensation for
each year of service as a member. Such proportion of
compensation shall be computed to remain constant. However,
commencing as of July 1, 1973, the proportion of compensation
payable by any member as of June 30, 1973 shall be the lesser of
(i) the proportion so determined, or (ii) 5 percent of his
earnable compensation, and the proportion of compensation payable
by any person who becomes a member after June 30, 1973 shall be
5 percent of his earnable compensation. ANY MEMBER WHO QUALIFIES
ELECTS UNDER § 9(D) 85(2)(C) OF THIS ARTICLE FOR A FULL SERVICE
CREDIT FOR REGULAR PART-TIME SERVICE IN THE COMPUTATION OF THE
RETIREMENT ALLOWANCE OR BENEFIT SHALL CONTRIBUTE 5 PERCENT OF THE
COMPENSATION THE MEMBER WOULD HAVE EARNED HAD THE MEMBER BEEN A
FULL-TIME EMPLOYEE DURING THE PERIOD OF DISABILITY.

SECTION 2. AND BE IT FURTHER ENACTED, That it is the intent
of the General Assembly that upon the taking effect of Chapter

___ of the Acts of 1984 (H.B. No. 991), the provisions of this

Act shall apply only to those members who elect to continue
contributing to the Employees' and Teachers' Retirement Systems
pursuant to Sections 11C and 86C or 11D and 86D of Article 73B of
the Code, as enacted by that Chapter.

SECTION 2 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1984.

Approved May 15, 1984.

CHAPTER 310

(Senate Bill 160)

AN ACT concerning

Occupational Safety and Health - Asbestos Protective Clothing

FOR the purpose of prohibiting any employer from purchasing
certain asbestos protective clothing; prohibiting any person
from selling certain asbestos protective clothing;
prohibiting any employer from requiring or requesting any
employee to use certain asbestos protective clothing at

 

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Session Laws, 1984
Volume 759, Page 2215   View pdf image
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