Source: http://legislature.maine.gov/statutes/5/title5sec18301.html
Timestamp: 2019-07-23 19:54:19
Document Index: 58471733

Matched Legal Cases: ['§18301', '§18301', '§18301', '§18258', '§18302', '§18301', '§210', '§33', '§211', '§33', '§33', '§3', '§2', '§1', '§5', '§33', '§14', '§2', '§3', '§210', '§1']

Title 5, §18301: Member contribution
§18301 PDF
§18301 MS-Word
§18258
§18302
§18301. Member contribution
Each member shall contribute to the Participating Local District Retirement Program or have pick-up contributions made by the employer at a rate of 6.5% of earnable compensation, except as otherwise provided in this Part. [2007, c. 491, §210 (AMD).]
[ 1987, c. 739, §§33, 48 (NEW) .]
2. No employee option. The employee may not choose to receive pick-up contribution amounts directly instead of having them paid by the employer to the Participating Local District Retirement Program.
[ 2007, c. 491, §211 (AMD) .]
A. Pick-up contributions shall be treated as the employer's contribution in determining tax treatment under the United States Internal Revenue Code for federal tax purposes, pursuant to the United States Code, Title 26, Section 414(h)(2). [1987, c. 739, §§33, 48 (NEW).]
B. For all other purposes, pick-up contributions shall be treated in the same manner and to the same extent as member contributions were treated before the effective date of this section. [1987, c. 739, §§33, 48 (NEW).]
[ 1999, c. 537, §3 (AFF); 1999, c. 537, §2 (RPR) .]
5. Member contributions to Participating Local District Consolidated Retirement Plan. The board may establish by rule the rate at which members who participate in the consolidated plan described in chapter 427 contribute to that plan. Rules established pursuant to this subsection are routine technical rules pursuant to chapter 375, subchapter 2-A.
[ 2013, c. 391, §1 (NEW) .]
1985, c. 801, §§5,7 (NEW). 1987, c. 739, §§33,48 (AMD). 1989, c. 710, §14 (AMD). 1999, c. 537, §2 (AMD). 1999, c. 537, §3 (AFF). 2007, c. 491, §§210, 211 (AMD). 2013, c. 391, §1 (AMD).