3528

LAWS OF MARYLAND

Ch. 747

All of the assets of this pension system shall be credited,
according to the purpose for which they are held, to the
following funds:

(i) The Annuity Savings Fund;

(ii) The Accumulation Fund; and

(iii) The Expense Fund.

(4) (a) On or before the first day of [November]
DECEMBER next preceding each regular meeting of the General
Assembly of Maryland, the board of trustees shall certify to the
Governor the RATES TO BE USED IN DETERMINING THE amounts that
will become due and payable during the next year to each of the
funds of this pension system [together with a statement of the
percentage of the payroll of all members which is equivalent to
the total amount]. [This amount] THE AGGREGATE AMOUNTS shall be
included in the budget bill that is submitted to the General
Assembly.

(b) [The board of trustees shall certify
one-quarter of the amount specified in paragraph (a) of this
subsection to the State Comptroller on or before the last day of
December, February, May, and September. On or before the first
day of January, March, June, and October,] AS PAYROLLS ARE PAID
the Comptroller shall draw a warrant on the State Treasurer [for
the respective amounts due this pension system] IN THE AMOUNTS
CHARGED AGAINST THE BUDGETS OF THE VARIOUS STATE AGENCIES
PURSUANT TO SECTION 124 OF THIS ARTICLE FOR THE EMPLOYERS'
CONTRIBUTIONS TO THIS PENSION SYSTEM. On receipt of the warrant
of the Comptroller, the State Treasurer immediately shall
transfer to this pension system the amounts due.

124.

The Comptroller of the Treasury shall compute for every
department, board, bureau, commission, or other agency of the
State government [which is supported in whole or in part by funds
other than general funds the amount that] THE AMOUNT TO BE
CHARGED TO THE APPROPRIATION OF the department, board, bureau,
commission, or other agency [shall pay] as the employer's share
of employee pension cost that is chargeable to the funds [other
than general funds] of the agency. The Comptroller shall make
this computation using the total rate of contributions as set by
the actuary of this pension system PURSUANT TO SECTION 162 for
the [general fund] payments by the State to this pension system.
Contributions for retirement from all funds shall be calculated
and paid on the same basis and at the same rate.

150.

All of the assets of this pension system shall be credited,
according to the purpose for which they are held, to the
following funds: