GENERAL ASSEMBLY COMPENSATION COMMISSION

(d) Recomputation of allowance. If a retiree changes a designated beneficiary, the
Board of Trustees shall recompute the allowance based on the value of the balance in the
retiree's reserves when the change is made.

14.  Adjustment of allowances.

(a)     Application of section. This section does not apply to all or any portion of a
retirement allowance or a survivor allowance that is computed in accordance with the
statutory pension plan.

(b)     Adjustment of allowances - In general. Except as provided in subsection (c) of
this section, as of the date the salary of a current legislator in the General Assembly is
increased, the Board of Trustees shall recompute a retirement allowance or a survivor
allowance under this Item 3A on the basis of the service retirement allowance as provided
under Item 3A and the annual salary payable to a current legislator in the General
Assembly.

(c)     Same - Eligible presiding officer.

(1)     This subsection applies to a retiree who served as an eligible presiding
officer or a beneficiary of an eligible presiding officer.

(2)     As of the date the salary of a current presiding officer is increased, the
Board of Trustees shall recompute a retirement allowance or a survivor allowance under
this Item 3A on the basis of the annual salary payable to a current presiding officer.

15.  Effect of employment of retiree.

(a)     Subject to subsection (b) of this section, beginning January 9, 1991, a retiree
who is receiving a retirement allowance may accept employment with the State as an
employee or an elected or appointed official without any reduction in the retiree's
retirement allowance.

(b)     If a retiree who is receiving a retirement allowance becomes a member of the
General Assembly:

(1)     The retiree's retirement shall be cancelled;

(2)     The retirement allowance payments shall terminate after the last day of
the month preceding the date of return to service as a legislator;

(3)     All previous creditable service shall be restored to the account of the
member; and

(4)     If the legislator elects to join the Legislative Pension Plan, the member
shall be credited with membership service credit during the period the retiree is a
member of the General Assembly.

16.  Benefit -'Death of member with at least 8 years of service.

(a) Application of section. This section applies only on the death of a member
who has at least 8 years of creditable service.

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