WILLIAM DONALD SCHAEFER, Governor                               Ch. 6

(1)      THE EMPLOYEES' PENSION SYSTEM;

(2)      THE LOCAL FIRE AND POLICE SYSTEM;

(3)      THE NATURAL RESOURCES PENSION SYSTEM; AND

(4)      THE TEACHERS' PENSION SYSTEM.

(B)      COMPUTATION OF ALLOWANCE.

EXCEPT AS PROVIDED IN SUBSECTIONS (C) AND (D) OF THIS SECTION, AN
ORDINARY DISABILITY RETIREMENT ALLOWANCE EQUALS:

(1)      IF THE MEMBER IS AT LEAST NORMAL RETIREMENT AGE, A
NORMAL SERVICE RETIREMENT ALLOWANCE; OR

(2)      IF THE MEMBER IS UNDER NORMAL RETIREMENT AGE, A NORMAL
SERVICE RETIREMENT ALLOWANCE THAT IS COMPUTED BY USING:

(I)       THE NUMBER OF YEARS OF CREDITABLE SERVICE THE
MEMBER WOULD HAVE RECEIVED IF THE MEMBER CONTINUED EMPLOYMENT
UNTIL NORMAL RETIREMENT AGE; AND

(II)     AN AVERAGE FINAL COMPENSATION THE MEMBER WOULD
HAVE RECEIVED IF THE MEMBER CONTINUED EMPLOYMENT WITHOUT A CHANGE
IN EARNABLE COMPENSATION.

(C)     EFFECT OF TRANSFERS TO EMPLOYEES' OR TEACHERS' PENSION
SYSTEMS.

A MEMBER OF THE EMPLOYEES' PENSION SYSTEM OR THE TEACHERS' PENSION
SYSTEM WHO HAS TRANSFERRED FROM THE EMPLOYEES' RETIREMENT SYSTEM OR
THE TEACHERS' RETIREMENT SYSTEM SHALL RECEIVE THE BENEFITS PROVIDED
UNDER THE STATE SYSTEM FROM WHICH THE MEMBER TRANSFERRED, OFFSET BY
ANY REFUNDED CONTRIBUTIONS, IF:

(1)      THE MEMBER APPLIES FOR THE RETIREMENT ALLOWANCE WITHIN
2 YEARS AFTER THE TRANSFER; AND

(2)      THE BOARD OF TRUSTEES GRANTS A DISABILITY RETIREMENT
ALLOWANCE TO THE MEMBER.

(D)     EFFECT OF TRANSFER TO LOCAL FIRE AND POLICE OR NATURAL
RESOURCES PENSION SYSTEMS.

(1) THIS SUBSECTION APPLIES ONLY TO:

(I) A MEMBER OF THE LOCAL FIRE AND POLICE PENSION SYSTEM
WHO HAS TRANSFERRED FROM THE EMPLOYEES' RETIREMENT SYSTEM; OR

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