(III) FOR A RETIREE WHO HAS BEEN RETIRED MORE THAN 10 YEARS
BUT NOT MORE THAN 15 YEARS, $1,600 $1,800; AND

(IV) FOR A RETIREE WHO HAS BEEN RETIRED MORE THAN 15 YEARS,

$1,000 $2,100.

(2) EACH FISCAL YEAR, THE BOARD OF TRUSTEES SHALL INCREASE THE
ADJUSTMENT RECEIVED BY THE RETIREE OR THE BENEFICIARY AS OF JULY 1, 1999,
BY MULTIPLYING THE ADJUSTMENT BY A FRACTION THAT HAS:

(I) AS ITS NUMERATOR THE CONSUMER PRICE INDEX FOR THE
CALENDAR YEAR ENDING DECEMBER 31 OF THE PRECEDING FISCAL YEAR; AND

(II) AS ITS DENOMINATOR THE CONSUMER PRICE INDEX FOR THE
CALENDAR YEAR ENDING DECEMBER 31, 1998.

29-113.

(A) SUBJECT TO SUBSECTION (B) OF THIS SECTION, A DISABILITY RETIREE OF
THE STATE POLICE RETIREMENT SYSTEM, OR A BENEFICIARY OF A DISABILITY
RETIREE OF THE STATE POLICE RETIREMENT SYSTEM, WHO RETIRES ON OR BEFORE
JUNE 30, 1999 WITH AN ORDINARY OR SPECIAL DISABILITY RETIREMENT ALLOWANCE
UNDER § 29-107 OR § 29-111 OF THIS SUBTITLE, SHALL RECEIVE AN ANNUAL
RETIREMENT ALLOWANCE ADJUSTMENT AS OF JULY 1, 1999, AS FOLLOWS:

(1) FOR A RETIREE WHO HAS BEEN RETIRED NOT MORE THAN 5 YEARS,
$1,000 $1,200;

(2) FOR A RETIREE WHO HAS BEEN RETIRED MORE THAN 5 YEARS BUT
NOT MORE THAN 10 YEARS, $1,300 $1,500;

(3) FOR A RETIREE WHO HAS BEEN RETIRED MORE THAN 10 YEARS BUT
NOT MORE THAN 15 YEARS, $1,600 $1,800; AND

(4) FOR A RETIREE WHO HAS BEEN RETIRED MORE THAN 15 YEARS,

(B) EACH FISCAL YEAR, THE BOARD OF TRUSTEES SHALL INCREASE THE
ADJUSTMENT RECEIVED BY THE RETIREE OR THE BENEFICIARY AS OF JULY 1, 1999,
BY MULTIPLYING THE ADJUSTMENT BY A FRACTION THAT HAS:

(1) AS ITS NUMERATOR THE CONSUMER PRICE INDEX FOR THE
CALENDAR YEAR ENDING DECEMBER 31 OF THE PRECEDING FISCAL YEAR; AND

(2) AS IT ITS DENOMINATOR, THE CONSUMER PRICE INDEX FOR THE
CALENDAR YEAR ENDING DECEMBER 31. 1998.

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows: