H.B. 1095                                               VETOES

11-203.

(d) Except as provided in Title 14, Subtitle 3 of this article, this Division II
does not apply to the Board of Trustees of the State Retirement and Pension System
for:

(1)     services of managers to invest the assets of the State Retirement and
Pension System, including real and personal property;

(2)     expenditures to manage, maintain, and enhance the value of the
assets of the State Retirement and Pension System in accordance with investment
guidelines adopted by the Board of Trustees; [and]

(3)     services related to the administration of the optional retirement
program under Title 30 of the State Personnel and Pensions Article; AND

(4)      SERVICES RELATED TO THE ADMINISTRATION OF THE
POSTRETIREMENT HEALTH BENEFITS TRUST FUND.

Article - State Personnel and Pensions

21-102.

The State Retirement and Pension System consists of:

(1) the Correctional Officers' Retirement System, established on July 1,

1974;

2, 1990;

(2)     the Employees' Pension System, established on January 1, 1980;

(3)     the Employees' Retirement System, established on October 1, 1941;

(4)     the Judges' Retirement System, which consists of:

(i) the contributory plan, established on July 1, 1969; and
(ii) the noncontributory plan, established on April 7, 1904;

(5)     the Legislative Pension Plan;

(6)     the Local Fire and Police System, established on July 1, 1989;

(7)     the Law Enforcement Officers' Pension System, established on July

(8)     the State Police Retirement System, established on July 1, 1949;

(9)     the Teachers' Pension System, established on January 1, 1980;

(10)   the Teachers' Retirement System, established on August 1, 1927;

[and]

(11) THE POSTRETIREMENT HEALTH FUNDING SYSTEM, ESTABLISHED
ON JULY 1, 2004; AND

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