WILLIAM DONALD SCHAEFER, Governor                   Ch. 246

(a) (2) "Institution" means any campus of the University of
Maryland SYSTEM, [any university or college controlled by the
Board of Trustees of State Universities and Colleges,] any
community college controlled by the State Board for Community
Colleges, Morgan State University, or St. Mary's College.

Article 73B - Pensions

99.

(a)  Should the board of regents of the University of
Maryland SYSTEM elect, by resolution, approved by the board of
trustees of the retirement system, to have the members of the
faculty and staff of that institution, hereinafter called the
staff, eligible for participation in the retirement system, the
trustees of the retirement system shall set a date subsequent
hereto, as of which date participation may begin for members of
the staff in service on that date, and after which participation
shall be required of new entrants in positions on the staff of
the University. Any member of the staff as of that date, or who
was a member during the year next preceding, who elects to become
a member of the retirement system within the first year next
following, shall file a statement of service prior to that date
and be credited for that service as prior service in a manner
similar to that provided in § 85 of this subtitle, for teachers
entitled to prior service credit. Members of the staff entering
the service after that date shall be credited with service in a
manner similar to the credit accorded to other teachers entering
the membership of the retirement system. After the date set for
participation, members of the staff of the University shall be
considered in all other respects as to contributions by them and
benefits payable to them, or on their account, as if they were
teachers employed in a public school. The actuary of the
retirement system shall determine under the provisions of
subsection (2) of § 89 of this subtitle a special "accrued
liability contribution" sufficient to cover the accrued liability
on account of the members of the staff for any service rendered
before the date of participation, with which they are credited,
and the contribution, subject to whatever corresponding
adjustments as might affect the "accrued liability contribution"
payable by the State, shall be payable on account of staff
members of the University in lieu of the rate set for other
teachers, and for a period of time equal to the period over which
the accrued liability contribution of the State is payable. The
State's contribution, which shall be payable on account of all
such members in the University, shall be paid by the board of
regents of the University of Maryland SYSTEM from whatever funds
as may be available to the board of regents.

(b)  Should the board of regents for any reason become
financially unable to make the required contributions payable on
account of its staff, then they shall be deemed to be in default
and a certificate to this effect shall be sent to each member and

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