WILLIAM DONALD SCHAEFER, Governor

Ch. 6

(V) WHO TRANSFERRED TO THE NATURAL RESOURCES PENSION
SYSTEM FROM THE EMPLOYEES' RETIREMENT SYSTEM AND HAD ELECTED
SELECTION A (ADDITIONAL MEMBER CONTRIBUTIONS); OR

(2) A SURVIVING BENEFICIARY OF A DECEASED FORMER MEMBER OR
RETIREE DESCRIBED IN ITEM (1) OF THIS SUBSECTION.

(B) EXCEPTIONS.

THIS PART III DOES NOT APPLY TO:

(1)      BENEFITS PAID IN A SINGLE PAYMENT;

(2)      THE RETURN OF ACCUMULATED CONTRIBUTIONS; OR

(3)      BENEFITS ATTRIBUTABLE TO ADDITIONAL CONTRIBUTIONS.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 73B, §§ 2-413(f) through (h), 2-414(e), 3-410(f)
through (h), 3-411(e), 6-410(f) through (h), 7-409(f) through (h), 8-405(b)(1)
and (7) through (9), and 10-221(b)(6) through (8), and as they related to the
exclusion of additional voluntary annuities, §§ 2-413(c), 3-410(c), 6-410(c),
7-409(c), 8-405(b)(4), and 10-221(b)(3).

Defined terms: "Accumulated contributions" § 20-101
"Additional contributions" § 20-101
"Allowance" § 20-101

"Correctional Officers' Retirement System" § 20-101
"Employees' Retirement System" § 20-101
"Former member" § 20-101
"Local Fire and Police System" § 20-101
"Member" § 20-101

"Natural Resources Pension System" § 20-101
"Retiree" § 20-101

"Selection A (Additional member contributions)" § 29-401
"State Police Retirement System" § 20-101
"Teachers' Retirement System" § 20-101

29-411. THE ADJUSTMENT GENERALLY.

EACH FISCAL YEAR, THE BOARD OF TRUSTEES SHALL ADJUST EACH
ALLOWANCE AS PROVIDED IN THIS PART III.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 73B, §§ 2-413(a), 3-410(a), 6-410(a), 7-409(a),
8-405(b)(2), and 10-221(b)(1).

The former reference to "the fiscal year beginning July 1, 1971" is deleted as
obsolete.

Defined terms: "Allowance" § 20-101
"Board of Trustees" § 20-101

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