An Act To Change the Name of the Maine State Retirement System
Maine Legislature, Session 123, LD 0512
Committee: Labor
Sponsors: STRIMLING
Amends: 5 MRSA §17101

Legislative Document 
No. 512 
S.P. 167 
February 2, 2007 
An Act To Change the Name of the Maine State Retirement System 
Submitted by the Maine State Retirement System pursuant to Joint Rule 204. 
Reference to the Committee on Labor suggested and ordered printed. 
Presented by Senator STRIMLING of Cumberland. 
Printed nil recycled pUp!:f 
JOY J. O'BRIEN 
Secretary of the Senate 
Be it enacted by the People of the State of Maine as follows: 
Sec. 1. 5 MRSA §17101, sub-§2, as enacted by PL 1985, c. 801, §§5 and 7, is 
amended to read: 
2. 
Name. The retirement system shall be i§. known as the "Maine &ate Public 
Employees Retirement System" and by that name all of its business shall must be 
transacted, all of its funds invested and all of its cash and securities and other property 
held in trust for the purpose for which received. 
Sec. 2. Transition provisions. The following provisions govern the transition of 
the Maine State Retirement System to the Maine Public Employees Retirement System. 
The duties, function, responsibilities, benefits, mission, goals and privileges of the Maine 
State Retirement System inure to the Maine Public Employees Retirement System. The 
Maine Public Employees Retirement System is the successor in every way to the Maine 
State Retirement System. These powers, duties and functions include, but are not limited 
to, the following. 
1. The members of the Board of Trustees of the Maine State Retirement System 
serve as members of the Board of Trustees of the Maine Public Employees Retirement 
System until their appointed terms expire. 
2. 
All accrued expenditures, assets, liabilities, balances, allocations, transfers, 
revenues and all other available funds of the Maine State Retirement System are 
authorized for use by the Maine Public Employees Retirement System. 
3. All existing rules, regulations and procedures in effect, in operation or adopted in 
or by the Maine State Retirement System or its officers continue in effect until rescinded, 
revised or amended by the pertinent authority within the Maine Public Employees 
Retirement System. 
4. 
All existing contracts, agreements, bonds, insurances, leases and compacts 
currently in effect in the Maine State Retirement System continue in effect until 
rescinded, revised or amended by the pertinent authority within the Maine Public 
Employees Retirement System. 
5. The Maine Public Employees Retirement System serves as the successor employer 
to and shall assume the obligations of the Maine State Retirement System. 
6. 
All buildings, automobiles, equipment and other real and personal property 
previously belonging to or allocated for the use of the Maine State Retirement System 
become the property of the Maine Public Employees Retirement System. 
7. All existing forms, licenses, letterheads, signs and similar items bearing the name 
of or referring to the Maine State Retirement System may be utilized by the Maine Public 
Employees Retirement System until existing supplies of those items are exhausted. 
Sec. 3. Maine Revised Statutes amended; revision clause. Wherever in the 
Maine Revised Statutes the words "Maine State Retirement System" appear or reference 
is made to that entity or those words, those words are amended to read or mean, as 
appropriate, "Maine Public Employees Retirement System," and the Revisor of Statutes 
shall implement this revision when updating, publishing or republishing the statutes. 
SUMMARY 
This bill changes the name of the Maine State Retirement System to the Maine Public 
Employees Retirement System and requires the Revisor of Statutes to implement this 
revision throughout the Maine Revised Statutes.