An Act To Allow Certain Employees of the Maine Technical College System To Amend Their Retirement System Election
Maine Legislature, Session 121, LD 0672
Committee: Labor
Sponsors: EDMONDS, BROMLEY, STANLEY, HATCH, HUTTON, JACKSON, PATRICK

Legislative Document 
No. 672 
S.P.236 
In Senate, February 14,2003 
An Act To Allow Certain Employees of the Maine Technical College 
System To Amend Their Retirement System Election 
Reference to the Committee on Labor suggested and ordered printed. 
Presented by Senator EDMONDS of Cumberland. 
JOY J. O'BRIEN 
Secretary of the Senate 
Cosponsored by Senators: BROMLEY of Cumberland, STANLEY of Penobscot, 
Representatives: HATCH of Skowhegan, HUTTON of Bowdoinham, JACKSON of Fort Kent, 
PATRICK of Rumford. 
Printed on recycled paper 
Be it enacted by the People of the State of Maine as follows: 
Sec.!. 20·A MRSA §!2722~ sub-§9 is enacted to read: 
9. 
Confidential employees; participation in Maine State 
Retirement 
System. 
Notwithstanding 
other 
provisions 
of 
this 
section, confidential employees of the Maine Technical College 
System who are not represented in a collective bargaining unit 
and 
who 
elected to participate 
in 
the 
defined 
contribution 
retirement plan under this section may elect to participate or 
resume participation in the Maine State Retirement System as 
provided in this subsection. 
This subsection applies only to 
confidential employees of the Maine Technical College System who 
are not represented in a collective bargaining unit. 
A. 
A former member of the Maine State Retirement System who 
is covered by this subsection and who was employed by the 
Maine 
Technical 
College 
System 
and 
who 
elected 
to 
participate in the defined contribution retirement plan and 
terminated 
participation 
in 
the 
Maine 
State 
Retirement 
System may elect to terminate participation in the defined 
contribution retirement plan and to resume participation in 
the Maine State Retirement System and, 
upon repayment of 
earlier contributions plus interest, 
is entitled to all 
service credit acquired during the previous membership. 
The 
election 
must 
be 
made 
in 
writing 
to 
the 
Maine 
State 
Retirement System no later than January 1, 2004. 
The amount 
of repayment must be equal to the accumulated contributions 
wi thdrawn by the former member plus interest on the amount 
of those accumulated contributions, beginning on the date of 
withdrawal to the date the repayment or repayments are made, 
at a rate to be set by the Board of Trustees of the Maine 
State Retirement System, not to exceed regular interest, as 
defined in Title 5, 
section 17001, 
subsection 31, ~ 
percentage points. 
(1) 
Notwithstanding Title 5, section 17703, subsection 
1, payment under this paragraph may be made immediately 
after notification of the Maine State Retirement System 
of the election provided in this paragraph and upon 
determination by the Maine State Retirement System of 
the 
amount 
due 
to 
repay 
the 
previously 
withdrawn 
contributions. 
(2) 
A former member electing the option provided in 
this paragraph may also purchase service credit under 
the Maine State Retirement System for all or part of 
the time that the former member participated in the 
defined 
contribution 
retirement 
plan. 
Purchase 
of 
service credit 
under 
this 
subparagraph 
consists 
of 
• 
• 
payment 
of 
an 
amount 
that, 
together 
with 
regular 
interest 
as 
defined 
in 
Title 
5, 
section 
17001, 
subsection 
on 
that 
amount, 
is 
the 
actuarial 
eguivalent, at the effective date of the retirement 
benefit, of the portion of the retirement benefit based 
on the additional creditable service. 
B. 
An employee of the Maine Technical College System who is 
covered by this subsection and who elected to participate ln 
the 
defined 
contribution 
retirement 
plan 
may 
elect 
to 
terminate 
participation 
in 
the 
defined 
contribution 
retirement plan 
and 
to participate 
in 
the 
Maine 
State 
Retirement System by notifying the Maine State Retirement 
System in writing no later than January 1, 2004. 
(1) 
An employee of the Maine Technical College System 
electing the option provided in this paragraph may also 
elect to purchase service credit under the Maine State 
Retirement System for all or part of the time that the 
employee 
participated 
in 
the 
defined 
contribution 
retirement plan. 
The election must be made in writing 
to 
the Maine State Retirement System no later than 
January 1, 2004. 
Purchase of service credit under this 
subparagraph consists of payment of an amount that, 
together with regular interest as defined in Title 5, 
section 17001, 
subsection 31 on that amount, 
is the 
actuarial eguivalent, 
at the effective date of 
the 
retirement benefit, of the portion of the retirement 
benefit based on the additional creditable service. 
C. 
Payment to the Maine State Retirement System under this 
subsection may be made by single direct payment or annual 
direct payments to the Members' Contribution Fund and must 
be made before any retirement benefit from the Maine State 
Retirement System becomes effective for that person. 
Annual 
direct 
payments 
under 
this 
paragraph 
must 
be 
made 
as 
provided in Title 5 f 
section 17701, subsection 4. 
SUMMARY 
This 
bill 
allows 
confidential 
employees 
of 
the 
Maine 
Technical College System who are not represented in a collective 
bargaining unit to amend their retirement system election.