PARRIS N. GLENDENING, Governor

Ch. 3

children who are under the age of 18 years, in equal amounts to each. Any payments
made to a surviving spouse under this section shall terminate on either the death or
remarriage of the surviving spouse. In either event if there is or are a child or children of
the deceased member, who are under the age of 18 years, the payments under this section
shall continue to the child or children in equal amounts. Payments under this section to
the surviving spouse of a member shall continue for the duration of his or her natural life,
unless he or she remarries. If the surviving spouse has died or has remarried, as in this
section specified, payments to any surviving child shall terminate when he or she reaches
the age of 18 years. If a pension is paid under this section, it shall in no event be less than
$100 per month in the aggregate. A surviving spouse, child, or children resulting from any
marriage contracted after the retirement of the member are not eligible for any payments
under the provisions of this subtitle. For the purposes of this section the remuneration of
a retired member shall be computed as it was in the year immediately preceding the
granting of the member's application for retirement. With respect to a member who dies
while in service the word "remuneration" shall be computed as it was in the year
immediately preceding the date of his or her death.

DRAFTER'S NOTE:

This section is amended to reflect the establishment of the Department of
State Police as a principal department of State government by Chs. 165 and
166, Acts of 1994 and to delete surplus language.

35.

The administration of the retirement and pension system, established by this
subtitle, is hereby vested in the [Superintendent of State Police] SECRETARY, who shall
keep separate records and accounts and report his receipts and disbursements hereunder
in the same manner as is provided in this article for other receipts and disbursements of
his department. The [Superintendent of State Police] SECRETARY shall receive no
additional compensation for these duties, but shall be reimbursed for all necessary
expenses which he may sustain through his service in administering this subtitle; and all
claims for reimbursement shall be subject to the approval of the Legislative Auditor. And
there shall be no additional paid employees engaged for the administration of this
subtitle. The [Superintendent of State Police] SECRETARY shall have the power and
authority to make all reasonable rules and regulations for the administration of the
retirement and pension system; and shall have the power and authority to hold and invest
all funds accruing to the pension fund for the benefit of the said fund; provided, however,
that no investment or reinvestment of said fund shall be made without the advice and
approval of a board consisting of the State Bank Commissioner and two persons to be
appointed by the [Superintendent of State Police] SECRETARY who shall be officers of
a bank or trust company located and doing business in Maryland. The chief actuary of the
State Insurance Commissioner's office shall be the technical adviser of the
[Superintendent of State Police] SECRETARY, in the administration of this fund, on all
actuarial questions. The [Superintendent of State Police] SECRETARY shall be
authorized to set aside annually an amount sufficient to defray the annual cost of the
pension together with at least [one thousand dollars ($1,000.00)] $1,000 toward the
necessary reserve, plus interest at the rate of 4% per annum upon that portion of the
pension fund reserve remaining unpaid. This reserve shall be that amount necessary to

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