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Session Laws, 1986
Volume 768, Page 1224   View pdf image
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1224

LAWS OF MARYLAND

Ch. 291

CHAPTER 291

(Senate Bill 54)

AN ACT concerning

Pensions - Governor and Surviving Spouse of Governor -
Cost of Living Adjustments

FOR the purpose of providing for certain cost of living
adjustments of the retirement allowances of certain
Governors and their surviving spouses; establishing certain
maximum cost of living adjustments per year; providing a
certain base for the calculation of the cost of living

adjustments for surviving spouses of certain retired

Governors; and generally relating to the Governor's
Retirement Plan and cost of living adjustments for certain
Governors and their surviving spouses.

BY repealing and reenacting, with amendments,

Article 73B - Pensions

Section 11(19)

Annotated Code of Maryland

(1983 Replacement Volume and 1985 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 73B - Pensions

11.

(19) (a) Notwithstanding anything to the contrary in any
other law, a Governor who has served at least one full term of
office or more prior to January 17, 1979, may retire immediately
upon leaving office. Notwithstanding the provisions of any other
law, he shall receive an annual retirement allowance or pension
of $12,500 under this subsection which shall be adjusted from
year to year for cost of living changes in accordance with the
procedure set forth in § 11A of this article. This retirement
allowance or pension shall be suspended and not paid during any
period when the former Governor is employed by any agency of the
State of Maryland. Following his death, his surviving spouse
shall receive an allowance which is equal to one half the
retirement allowance which the former Governor would have been
entitled to receive from time to time under this subsection.

(b) Notwithstanding anything to the contrary in any
other law, retirement allowances and benefits for persons serving
in the office of Governor after January 17, 1979, and their

 

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Session Laws, 1986
Volume 768, Page 1224   View pdf image
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