Ch. 375                                    1995 LAWS OF MARYLAND

(i) represent the interests of the public;

(ii) are not members of any of the several systems; and

(iii) are knowledgeable in the administration and operation of pension
systems and trust funds.

(b)     (1) (i) The trustees who are members or retirees of the Employees'
Pension System or the Employees' Retirement System shall be elected by the members
and the retirees of those State systems.

(ii) The trustees who are members or retirees of the Teachers' Pension
System or the Teachers' Retirement System shall be elected by the members and the
retirees of those State systems.

(iii) THE TRUSTEES WHO ARE MEMBERS OR RETIREES OF THE
STATE POLICE RETIREMENT SYSTEM SHALL BE ELECTED BY THE MEMBERS AND
THE RETIREES OF THAT STATE SYSTEM.

(IV) The elections shall be conducted under regulations that the Board
of Trustees adopts.

[(iv)] (V) A trustee is not eligible for reelection if:

1.       the trustee becomes a retiree of either the Employees'
Pension System or the Employees' Retirement System and the other elected trustee is
already a retiree of one of those State systems; [or]

2.       the trustee becomes a retiree of either the Teachers' Pension
System or the Teachers' Retirement System and the other elected trustee is already a
retiree of one of those State systems; OR

3.       THE TRUSTEE BECOMES A RETIREE OF THE STATE
POLICE RETIREMENT SYSTEM AND THE OTHER ELECTED TRUSTEE IS ALREADY A
RETIREE OF THAT STATE SYSTEM.

(2) [The trustees who are members or retirees of the State Police
Retirement System shall be appointed by the Board of Public Works.

(3)] The trustee who represents the interests of participating subdivisions in
the Employees' Pension System and the Employees' Retirement System shall be
appointed by the Governor.

[(4)] (3) The trustees who represent the public shall be appointed by the
Governor with the advice and consent of the Senate.

(c)     (1) Within 10 days after the appointment or election of an individual as a
trustee, the individual shall take and subscribe to an oath of office that, so far as it
devolves on the individual, as trustee the individual:

(i) will diligently and honestly administer the affairs of the Board of
Trustees; and

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