Ch. 479

LAWS OF MARYLAND

AVERAGE FINAL COMPENSATION AND CREDITABLE SERVICE AT THE TIME THE
MEMBER'S SERVICE IS TERMINATED.

(2) UPON RECEIPT OF PROPER PROOFS OF THE DEATH OF THE
PERSON WHO IS ELIGIBLE FOR A VESTED RETIREMENT ALLOWANCE AND DIES
PRIOR TO THE MEMBER'S EFFECTIVE RETIREMENT DATE, THE AMOUNT OF
THAT PERSON'S ACCUMULATED CONTRIBUTIONS SHALL BE PAID TO THE
BENEFICIARY THE PERSON HAS NOMINATED BY WRITTEN DESIGNATION DULY
EXECUTED AND FILED WITH THE BOARD OF TRUSTEES, OR IF THERE IS NO
DESIGNATED BENEFICIARY, THEN TO THE PERSON'S ESTATE.

(P) (1) EACH FISCAL YEAR, EACH RETIRED MEMBER'S ALLOWANCE,
EXCLUSIVE OF ANY ADDITIONAL VOLUNTARY ANNUITY, SHALL BE ADJUSTED
IN ACCORDANCE WITH THE PROVISIONS OF § 118 OF THIS ARTICLE.

(2) EACH FISCAL YEAR, EACH RETIRED MEMBER, WHO
TRANSFERRED TO THIS PENSION SYSTEM FROM THE EMPLOYEES' RETIREMENT
SYSTEM AND HAD ELECTED TO RECEIVE BENEFITS IN ACCORDANCE WITH §
11D OF THIS ARTICLE, SHALL HAVE THE MEMBER'S ALLOWANCE ADJUSTED
IN ACCORDANCE WITH § 11D OF THIS ARTICLE.

(Q) CONTRIBUTIONS SHALL BE DEDUCTED FROM THE COMPENSATION
OF MEMBERS:

(1)   IN ACCORDANCE WITH THE PROVISIONS OF § 122 OF
THIS ARTICLE; OR

(2)  FOR MEMBERS WHO HAVE TRANSFERRED FROM THE
EMPLOYEES' RETIREMENT SYSTEM AND HAD ELECTED TO RECEIVE BENEFITS
IN ACCORDANCE WITH THE PROVISIONS OF § 11D OF THIS ARTICLE.

(R) THE GENERAL ADMINISTRATION, FUNDING, AND RESPONSIBILITY
FOR THE PROPER OPERATION OF THIS PENSION SYSTEM IS VESTED IN THE
BOARD OF TRUSTEES FOR MARYLAND STATE RETIREMENT AND PENSION
SYSTEMS. THE PROPER OPERATION OF THIS PENSION SYSTEM SHALL BE AS
THAT PROVIDED FOR THE OPERATION OF THE PENSION SYSTEM FOR THE
EMPLOYEES OF THE STATE OF MARYLAND.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 19, 1989.

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