WILLIAM DONALD SCHAEFER, Governor Ch. 5
retirement allowance, and the adjustment of the retirement
allowance.
DRAFTER'S NOTE:
Error: Stylistic errors in Article 73B, § 3(9)(c).
Occurred: Ch. 7, Acts of 1984. Correction by the
Michie Company in the 1988 Replacement Volume of
Volume 6 of the Annotated Code of Maryland is
validated by this Act.
16.
The creation and maintenance of reserves in the Accumulation
Fund, the maintenance of annuity reserves and pension reserves as
provided for, and regular interest creditable to the various
funds as provided in § 14 of this article, and the payment of all
pensions, annuities, retirement allowances, refunds and other
benefits granted under the provisions of this article and all
expenses in connection with the administration and operation of
this retirement system, are hereby made obligations of the State.
All income, interest and dividends derived from deposits and
investments authorized by this article shall be used for the
payment of the said obligations of the State. Any amounts derived
therefrom which, when combined with the regular amounts otherwise
contributable by the State, exceed the amount required to provide
said obligations, shall be used to reduce the regular
appropriations otherwise required, except as otherwise provided
in [§ 14 (2) (j)] § 14(2)(F) of this article.
DRAFTER'S NOTE:
Error: Obsolete cross-reference in Article 73B, § 16.
Occurred: As a result of Ch. 290, Acts of 1984, which
renumbered Article 73B, § 14(j).
52.
(a) (2) In years when elections are to be held, nominations
will be submitted to the secretary of the board of trustees in
writing and signed by not less than 20 members of the department;
and no more than half of the persons signing the nomination may
be from the same district or unit. Nominations must be received
by the secretary not less than 15 days prior to the date
established for such election. The nominees corresponding with
the number of members to be elected who receive the highest
number of votes shall be declared elected. Persons so elected
shall serve a term of four years and until their respective
successors are elected and qualified. Election of members to the
board of trustees of the Death Relief Fund may be held concurrent
with the election of members to the Personnel Service Board as
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