confirmations specified under Section 3 of this Act, Section 2 of this Act shall take
effect the first day of the month after the State Retirement Agency receives the
ruling. If a private letter ruling is received by the State Retirement Agency from the
Internal Revenue Service that does not make all of the confirmations specified in
Section 3 of this Act, Section 2 of this Act, with no further action required by the
General Assembly, shall be null and void and of no force and effect. The State
Retirement Agency, within 5 days after receiving the ruling from the Internal
Revenue Service, shall forward a copy of the ruling to the Department of Legislative
Services, 90 State Circle, Annapolis, Maryland 21401.

SECTION 2. 5. AND BE IT FURTHER ENACTED, That, subject to the
provisions of Section 4 above, this Act shall take effect July 1, 1999.

Approved April 27, 1999.

CHAPTER 123
(House Bill 191)

AN ACT concerning

State Police Retirement System - Benefits

FOR the purpose of altering the formula for computing the retirement allowance of
certain members of the State Police Retirement System; altering the years of
eligibility service required for a normal service retirement under the System;
altering the contribution rate for certain members in the System; establishing a
Deferred Retirement Option Program for certain members in the System;
providing for certain annual adjustments to the service retirement allowances of
certain service and disability retirees of the System or beneficiaries of service
and disability retirees as of a certain date; providing for the adjustment to be
subject to certain cost-of-living adjustments each fiscal year; requiring the
State Retirement Agency to request a private letter ruling from the Internal
Revenue Service that makes certain confirmations; making certain provisions of
this Act contingent on receipt of a certain ruling from the Internal Revenue
Service; defining certain terms; and generally relating to retirement benefits
under the State Police Retirement System.

BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 24-205, 24-207, 24-401, and 24-405
Annotated Code of Maryland

(1997 Replacement Volume and 1998 Supplement)

BY adding to

Article - State Personnel and Pensions
Section 24-401.1 and 29-113