reglab/statecodes huggingface dataset:
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 1: GENERAL PROVISIONS › 5 §17153. Board of trustees

§17153. Board of trustees
1.  Actuarially sound basis.
[PL 1987, c. 193, §1 (RP).]
1-A.  Actuarially sound basis.
The board shall calculate the funds necessary to maintain all programs of the retirement system on an actuarially sound basis, including the unfunded liability arising from payment of benefits for which contributions were not received and shall transmit those calculations to the State Budget Officer as required by chapter 149.
A. For benefits applicable to state employees, teachers or participating local district employees that are established through collective bargaining, the board shall apply the funding methods and assumptions adopted by the board pursuant to this subsection.   [PL 1987, c. 193, §2 (NEW).]
B. The Legislature shall appropriate and transfer annually those funds the board determines to be necessary under this subsection to maintain the programs of the retirement system on an actuarially sound basis, except that for fiscal year 1991-92 the annual appropriation must be $73,500,000 less than the amount that would otherwise be applied toward the repayment of the unfunded liability of the State Employee and Teacher Retirement Program.   [PL 2007, c. 491, §84 (AMD).]
C. This subsection may not be construed to require the State to appropriate and transfer funds to meet the obligations of participating local districts to the retirement system.   [PL 1987, c. 193, §2 (NEW).]
[PL 2007, c. 491, §84 (AMD).]
2.  Trustee of funds.
The members of the board shall be the trustees of the several funds created by this Part.
[PL 1985, c. 801, §§5, 7 (NEW).]
3.  Investment of funds.
The board may cause the funds created by this Part to be invested and reinvested in accordance with the standards defined in Title 18‑B, sections 802 to 807 and chapter 9, subject to periodic approval of the investment program by the board.
[PL 2003, c. 618, Pt. B, §2 (AMD); PL 2003, c. 618, Pt. B, §20 (AFF).]
4.  Prohibitions.
In addition to the limitations of section 18 and except as otherwise provided, no trustee and no employee of the board of trustees may:
A. Have any direct interest in the gains or profits of any investment made by the board;   [PL 1985, c. 801, §§5, 7 (NEW).]
B. Directly or indirectly, for himself or as an agent, in any manner, use the gains or profits of any investment made by the board except to make whatever current and necessary payments are authorized by the board; or   [PL 1985, c. 801, §§5, 7 (NEW).]
C. Become an endorser, surety or obligor for money loaned to or borrowed from the board.   [PL 1985, c. 801, §§5, 7 (NEW).]
[PL 1985, c. 801, §§5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 193, §§1,2 (AMD). PL 1991, c. 528, §P2 (AMD). PL 1991, c. 528, §RRR (AFF). PL 1991, c. 591, §P2 (AMD). PL 2003, c. 618, §B2 (AMD). PL 2003, c. 618, §B20 (AFF). PL 2007, c. 491, §84 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 1: GENERAL PROVISIONS › 5 §17155. Special resolves

§17155. Special resolves
If and when any special resolve or other legislation described in section 17103, subsection 10, is enacted by the Legislature, the entire actuarial costs of benefits granted shall be fully funded by act of the same Legislature which enacts the special resolve or other legislation.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 1: GENERAL PROVISIONS › 5 §17156. Rate of interest (WHOLE SECTION TEXT EFFECTIVE UNTIL CONTINGENCY: See PL 1991, c. 619, §18)

§17156. Rate of interest
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL CONTINGENCY: See PL 1991, c. 619, §18)
The board shall, from time to time, by order, set the rate of regular interest at a percent rate compounded periodically determined by the board to be equitable, both to members and to the taxpayers of the State.   [PL 1985, c. 95, §1 (AMD).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 95, §1 (AMD). PL 1991, c. 619, §5 (AMD). PL 1991, c. 619, §18 (AFF).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 1: GENERAL PROVISIONS › 5 §17156. Rate of interest (WHOLE SECTION TEXT EFFECTIVE ON CONTINGENCY: See PL 1991, c. 619, §18)

§17156. Rate of interest
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE ON CONTINGENCY: See PL 1991, c. 619, §18)
The board shall, from time to time, by order, set the rate of regular interest at a percent rate compounded periodically determined by the board to be equitable, both to members and to the taxpayers of the State, provided that the interest credited to a member with less than 10 years of creditable service on contributions related to compensation for service rendered as a part-time, seasonal or temporary employee after December 31, 1991 must at least equal the yield of a 10-year United States treasury bond on the last business day of the previous calendar year reduced by administrative expenses.   [PL 1991, c. 619, §5 (AMD); PL 1991, c. 619, §18 (AFF).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 95, §1 (AMD). PL 1991, c. 619, §5 (AMD). PL 1991, c. 619, §18 (AFF).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 1: GENERAL PROVISIONS › 5 §17157. Interest and dividend credits

§17157. Interest and dividend credits
All interest and dividends earned on the funds of the retirement system shall be credited to the Retirement Allowance Fund.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
1.  Transfer to Members' Contribution Fund.
The board shall periodically allow regular interest on the individual accounts of members in the Members' Contribution Fund and shall transfer those amounts from the Retirement Allowance Fund to the Members' Contribution Fund.
[PL 1989, c. 95, §2 (AMD).]
2.  Transfer to Survivors' Benefit Fund.
[PL 2007, c. 249, §18 (RP).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 95, §2 (AMD). PL 2007, c. 249, §18 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 1: GENERAL PROVISIONS › 5 §17158. Full funding

§17158. Full funding
Upon full funding of the accrued unfunded reserves of any program of the Maine Public Employees Retirement System, the board of trustees may reduce employer contributions to the level required to maintain proper funding of earned benefits. The board of trustees may also seek legislative action to reduce employee contributions or pick-up contributions established by this Part.   [PL 2007, c. 491, §86 (AMD).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§6,48 (AMD). PL 2007, c. 58, §3 (REV). PL 2007, c. 491, §86 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 1: GENERAL PROVISIONS › 5 §17160. Minimum level of employer contribution

§17160. Minimum level of employer contribution
1.  Portion of employer contribution.
Beginning in fiscal year 2002-03 and continuing until the unfunded liabilities of the State Employee and Teacher Retirement Program attributable to state employees and teachers, as defined in the Constitution of Maine, Article IX, Section 18-B, are retired, within the term provided in Section 18-B or within any shorter term provided by statute, the portion of the employer contribution amount devoted to paying the unfunded liabilities of the program attributable to state employees and teachers may not be less than the amount paid for that purpose during the immediately preceding fiscal year.
A. In circumstances in which the unfunded liability amount to be paid in a given year would be less than the amount paid in the immediately preceding year, the Board of Trustees of the Maine Public Employees Retirement System shall request the system's actuary to recommend a methodology to adjust program funding in order to realize payment of the required amount. The methodology for adjustment must be actuarially sound in itself and may not jeopardize the actuarial soundness of the program or its funding.   [PL 2007, c. 491, §87 (AMD).]
B. If the system's actuary determines pursuant to paragraph A that no methodology meeting the requirements of this subsection can be identified, then the requirement that the unfunded liability payment in a given year may not be less than the amount paid in the immediately preceding fiscal year applies only to the General Fund portion of the unfunded liability payment. A General Fund appropriation in the amount of the difference between the General Fund portions of the unfunded liability payment in the 2 years in question must be sought.   [PL 2001, c. 707, §1 (NEW).]
[PL 2007, c. 491, §87 (AMD).]
SECTION HISTORY
PL 2001, c. 707, §1 (NEW). PL 2007, c. 58, §3 (REV). PL 2007, c. 491, §87 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 2: MEMBERS' CONTRIBUTION FUND › 5 §17201. Establishment

§17201. Establishment
The Members' Contribution Fund is established and it shall contain accumulated contributions deducted from the compensation of members.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 2: MEMBERS' CONTRIBUTION FUND › 5 §17202. Deduction adjustments

§17202. Deduction adjustments
In order to facilitate the making of deductions, the board may modify the deduction required of any member by an amount that does not exceed 1/10 of 1% of the member's annual rate of earnable compensation.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 2: MEMBERS' CONTRIBUTION FUND › 5 §17204. Contributions on member's own account

§17204. Contributions on member's own account
Any member in service may make contributions on his own account, in addition to the employee contributions required under this Part, to the Members' Contribution Fund, at a rate not in excess of 10% of earnable compensation for the purpose of increasing the amount of payment of the member's retirement allowance under any service retirement provision of this Part.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
1.  Rules.
The board shall adopt rules governing this right of members to make additional contributions.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
2.  Exception to 10% rule.
Any member in service on January 1, 1976, and ineligible to make contributions under sections 17754, 17763 and 18354 because of the amendments of the predecessors of those sections by Public Law 1975, chapter 622, may make whatever additional contributions, at a rate in excess of 10% of earnable compensation, as are necessary to provide an increased retirement allowance equal to any benefits to which the member would have been entitled under the predecessors of sections 17754, 17763 and 18354, as in effect immediately before January 1, 1976.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
3.  Limitation.
This section shall not be applicable to any member who has not begun increased contributions under this section before January 1, 1990.
[PL 1989, c. 95, §4 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 95, §4 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 2: MEMBERS' CONTRIBUTION FUND › 5 §17205. Transfers of funds (REPEALED)

§17205. Transfers of funds
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 256, §5A (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 2: MEMBERS' CONTRIBUTION FUND › 5 §17206. Statement of account

§17206. Statement of account
The chief executive officer shall furnish to each member of the retirement programs of the retirement system, upon request, a statement showing the amount of accumulated contributions to the member's credit in the member's individual account in the Members' Contribution Fund.   [PL 2007, c. 491, §90 (AMD); PL 2021, c. 548, §45 (REV).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 491, §90 (AMD). PL 2021, c. 548, §45 (REV).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 3: RETIREMENT ALLOWANCE FUND › 5 §17251. Establishment

§17251. Establishment
The Retirement Allowance Fund is established in which must be accumulated all reserves required for the payment of benefits under this Part, other than reserves in the Members' Contribution Fund.   [PL 2007, c. 249, §20 (AMD).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 409, §§4,12 (AMD). PL 2007, c. 249, §20 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 3: RETIREMENT ALLOWANCE FUND › 5 §17252. Employer contribution

§17252. Employer contribution
On account of each member, the State and each participating local district shall pay annually into the Retirement Allowance Fund an amount equal to a certain percentage of the annual earnable compensation of employees.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 3: RETIREMENT ALLOWANCE FUND › 5 §17253. Employer contribution rate

§17253. Employer contribution rate
The percentage rate of the employer contribution, described in section 17252, to be known as the "employer contribution rate," is fixed on the basis of the assets and liabilities of the retirement programs of the Maine Public Employees Retirement System as shown by actuarial valuation.   [PL 2007, c. 491, §91 (AMD).]
1.  Computation.
The employer contribution rate is determined as the percentage of the members' earnable compensation payable during the members' periods of membership required to provide the difference between the total liabilities for retirement allowances, survivors' benefits and disability retirement benefits not provided by the members' accumulated contributions and the amount of the assets in the Retirement Allowance Fund.
[PL 2007, c. 249, §21 (AMD).]
2.  Manner of determination.
The employer contribution rate shall be determined after each valuation based on actuarial assumptions adopted by the board and shall continue in force until a new valuation is made.
[PL 1985, c. 801, §§5, 7 (NEW).]
3.  Components of unfunded liability contribution.
The annual valuation report prepared by the actuary in accordance with section 17107 must include identification of the impact on the employer contribution rate of any excess General Fund revenues transferred to the Retirement Allowance Fund pursuant to section 1532.
[PL 2005, c. 2, Pt. A, §10 (AMD); PL 2005, c. 2, Pt. A, §14 (AFF).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§8,48 (AMD). PL 1995, c. 464, §15 (AMD). PL 2005, c. 2, §A10 (AMD). PL 2005, c. 2, §A14 (AFF). PL 2007, c. 249, §21 (AMD). PL 2007, c. 491, §91 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 3: RETIREMENT ALLOWANCE FUND › 5 §17254. Minimum state contribution

§17254. Minimum state contribution
The aggregate payment by the State into the Retirement Allowance Fund for state employees and teachers must be at least sufficient, when combined with the amount in the Retirement Allowance Fund, to provide the benefits payable out of the fund and the administrative operating expenses of the Maine Public Employees Retirement System during the current year.   [PL 2007, c. 58, §3 (REV); PL 2007, c. 240, Pt. U, §7 (AMD).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 58, §3 (REV). PL 2007, c. 240, Pt. U, §7 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 4: EXPENSE FUND › 5 §17301. Establishment (REPEALED)

§17301. Establishment
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2015, c. 385, §8 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 4: EXPENSE FUND › 5 §17302. Administration of fund (REPEALED)

§17302. Administration of fund
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2015, c. 385, §8 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 4: EXPENSE FUND › 5 §17403. Administration of fund (REPEALED)

§17403. Administration of fund
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1995, c. 368, §G10 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 5: SURVIVORS' BENEFIT FUND › 5 §17351. Establishment (REPEALED)

§17351. Establishment
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 249, §22 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 5: SURVIVORS' BENEFIT FUND › 5 §17352. Survivors' contribution (REPEALED)

§17352. Survivors' contribution
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 249, §22 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 5: SURVIVORS' BENEFIT FUND › 5 §17353. Survivors' contribution rate (REPEALED)

§17353. Survivors' contribution rate
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 249, §22 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 6: STATE RETIREE HEALTH INSURANCE FUND › 5 §17401. Establishment and limitation of fund (REPEALED)

§17401. Establishment and limitation of fund
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1995, c. 368, §G8 (AMD). PL 2007, c. 249, §23 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 6: STATE RETIREE HEALTH INSURANCE FUND › 5 §17402. Payment of premium (REPEALED)

§17402. Payment of premium
(REPEALED)
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1995, c. 368, §G9 (AMD). PL 2007, c. 249, §23 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 7: STATE RETIRED TEACHERS' HEALTH INSURANCE FUND › 5 §17411. Establishment and limitation of fund (REPEALED)

§17411. Establishment and limitation of fund
(REPEALED)
SECTION HISTORY
PL 1987, c. 450, §§1,3 (NEW). PL 1995, c. 368, §G11 (AMD). PL 2007, c. 249, §24 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 7: STATE RETIRED TEACHERS' HEALTH INSURANCE FUND › 5 §17412. Payment of premium (REPEALED)

§17412. Payment of premium
(REPEALED)
SECTION HISTORY
PL 1987, c. 450, §§1,3 (NEW). PL 1995, c. 368, §G12 (AMD). PL 2007, c. 249, §24 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 7: STATE RETIRED TEACHERS' HEALTH INSURANCE FUND › 5 §17413. Administration of fund (REPEALED)

§17413. Administration of fund
(REPEALED)
SECTION HISTORY
PL 1987, c. 450, §§1,3 (NEW). PL 1995, c. 368, §G13 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 8: DISABILITY RETIREMENT BENEFIT FUND › 5 §17421. Establishment (REPEALED)

§17421. Establishment
(REPEALED)
SECTION HISTORY
PL 1989, c. 409, §§5,12 (NEW). PL 2007, c. 249, §25 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 8: DISABILITY RETIREMENT BENEFIT FUND › 5 §17422. Disability contribution (REPEALED)

§17422. Disability contribution
(REPEALED)
SECTION HISTORY
PL 1989, c. 409, §§5,12 (NEW). PL 2007, c. 249, §25 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 8: DISABILITY RETIREMENT BENEFIT FUND › 5 §17423. Disability contribution rate (REPEALED)

§17423. Disability contribution rate
(REPEALED)
SECTION HISTORY
PL 1989, c. 409, §§5,12 (NEW). PL 2007, c. 249, §25 (RP).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17431. Definitions

§17431. Definitions
As used in this article, unless the context otherwise indicates, the following terms have the following meanings.   [PL 2007, c. 240, Pt. RRR, §2 (NEW).]
1.  Commissioner.
"Commissioner" means the Commissioner of Administrative and Financial Services.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
2.  Investment trust fund.
"Investment trust fund" means the Retiree Health Insurance Post-employment Benefits Investment Trust Fund established in section 17432.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
3.  Assets of the investment trust fund.
"Assets of the investment trust fund" means the funds appropriated or otherwise provided to fund the investment trust fund, together with the interest, earnings and returns on the funds.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
4.  Investment trust fund agreement.
"Investment trust fund agreement" means the trust agreement to be entered into by the State and the trustees of the investment trust fund.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
5.  System.
"System" means the Maine Public Employees Retirement System.
[PL 2007, c. 58, §3 (REV); PL 2007, c. 240, Pt. RRR, §2 (NEW).]
SECTION HISTORY
PL 2007, c. 58, §3 (REV). PL 2007, c. 240, Pt. RRR, §2 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17432. Establishment

§17432. Establishment
1.  Investment trust fund established.
The Retiree Health Insurance Post-employment Benefits Investment Trust Fund is established as an irrevocable trust for the sole purpose of holding and investing funds appropriated or otherwise provided to the investment trust fund for the benefit of the Irrevocable Trust Fund for Other Post-employment Benefits established in section 286-B with respect to the State's liabilities for retiree health benefits. The purpose of accumulating assets in this investment trust fund is to provide funding of the State's unfunded liability obligations for retiree health benefits. The Legislature has no authority or power to divert any of the assets of the investment trust fund to use for any other purpose.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
2.  Date of establishment.
The date of establishment of the investment trust fund is July 1, 2007.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
3.  Trustees.
The trustees of the investment trust fund are the members of the Board of Trustees of the Maine Public Employees Retirement System.
[PL 2007, c. 58, §3 (REV); PL 2007, c. 240, Pt. RRR, §2 (NEW).]
SECTION HISTORY
PL 2007, c. 58, §3 (REV). PL 2007, c. 240, Pt. RRR, §2 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17433. Statutory references

§17433. Statutory references
Notwithstanding that Article 9 is placed in the Maine Revised Statutes in Part 20, chapter 421, subchapter 4, any reference to "Part," "in this Part," "under this Part" or similar wording in Part 20 is inapplicable to every provision in this article. Article 9 stands apart from all other provisions of this Part except by explicit reference.   [PL 2007, c. 240, Pt. RRR, §2 (NEW).]
SECTION HISTORY
PL 2007, c. 240, Pt. RRR, §2 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17434. Administration of investment trust fund

§17434. Administration of investment trust fund
1.  Administration.
The trustees of the investment trust fund may delegate to the chief executive officer, Chief Investment Officer or other staff of the system as appropriate the responsibility to carry out, as directed by the trustees of the investment trust fund, the administration of the investment trust fund and its investment and disbursement activities.
[PL 2007, c. 240, Pt. RRR, §2 (NEW); PL 2021, c. 548, §45 (REV).]
2.  Expenses.
Associated administrative costs and expenses attributable to the investment trust fund must be charged to the investment trust fund.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
SECTION HISTORY
PL 2007, c. 240, Pt. RRR, §2 (NEW). PL 2021, c. 548, §45 (REV).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17436. Liability and immunity of trustees of the investment trust fund

§17436. Liability and immunity of trustees of the investment trust fund
1.  Limited liability of trustees of the investment trust fund.
A trustee of the investment trust fund is not:
A. Personally liable for any liability, loss or expense suffered by the investment trust fund, unless such a liability, loss or expense arises out of or results from the willful misconduct or intentional wrongdoing of that trustee of the investment trust fund;   [PL 2007, c. 240, Pt. RRR, §2 (NEW).]
B. Responsible for the adequacy of the investment trust fund to meet and discharge any obligation; or   [PL 2007, c. 240, Pt. RRR, §2 (NEW).]
C. Required to take action to enforce the payment of any contribution or appropriation to the investment trust fund.   [PL 2007, c. 240, Pt. RRR, §2 (NEW).]
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
2.  Immunity of trustees of the investment trust fund.
The trustees of the investment trust fund are immune from suit on any and all tort claims seeking recovery of damages to the same extent as governmental entities under the Maine Tort Claims Act.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
3.  Legal representation and defense of trustees of the investment trust fund.
The Attorney General is legal counsel to the trustees of the investment trust fund and shall represent and defend the trustees of the investment trust fund, as a group and individually, in connection with any claim, suit or action at law arising out of the performance or nonperformance of any actions related to the investment trust fund to the same extent as provided for governmental entities in the Maine Tort Claims Act.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
4.  Performance of essential governmental functions.
The exercise of the powers conferred by this article is held to be the performance of essential governmental functions.
[PL 2007, c. 240, Pt. RRR, §2 (NEW).]
SECTION HISTORY
PL 2007, c. 240, Pt. RRR, §2 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17437. Exemption from taxation

§17437. Exemption from taxation
The money in the investment trust fund is exempt from any state, county or municipal tax in the State.   [PL 2007, c. 240, Pt. RRR, §2 (NEW).]
SECTION HISTORY
PL 2007, c. 240, Pt. RRR, §2 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17438. Reporting requirements under Governmental Accounting Standards Board

§17438. Reporting requirements under Governmental Accounting Standards Board
The system and trustees of the investment trust fund have no obligation to comply with reporting requirements related to the investment trust fund under Governmental Accounting Standards Board Statement Number 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, or Governmental Accounting Standards Board Statement Number 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions. The State is obligated to comply with the reporting requirements under Governmental Accounting Standards Board Statement Number 74 and Governmental Accounting Standards Board Statement Number 75. The system shall account for the assets of the investment trust fund in its annual financial statements.   [PL 2017, c. 88, §20 (AMD).]
SECTION HISTORY
PL 2007, c. 240, Pt. RRR, §2 (NEW). PL 2017, c. 88, §20 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 4: FINANCING › Article 9: RETIREE HEALTH INSURANCE POST-EMPLOYMENT BENEFITS INVESTMENT TRUST FUND › 5 §17439. Information for administrative or judicial proceedings

§17439. Information for administrative or judicial proceedings
If information regarding the investment trust fund is required from the system or the trustees of the investment trust fund for an administrative or judicial proceeding, the party seeking the information must file a written request for that information with the Chief Executive Officer of the Maine Public Employees Retirement System. The chief executive officer or the chief executive officer's designee shall make a certified response to that request within 30 days and the certified response is admissible as evidence in any administrative or judicial proceeding. A subpoena or other form of discovery directed at obtaining the information may not be issued nor may employees of the system be required to testify on the subjects covered by the certified response unless there is an express finding by an administrative agency or a court that there is a compelling necessity to permit further discovery or to require testimony. The chief executive officer shall notify the trustees of the Irrevocable Trust Fund for Other Post-employment Benefits established in section 286‑B, subsection 2 immediately of any request for information, subpoena or other form of discovery.   [PL 2007, c. 58, §3 (REV); PL 2007, c. 240, Pt. RRR, §2 (NEW); PL 2021, c. 548, §45 (REV).]
SECTION HISTORY
PL 2007, c. 58, §3 (REV). PL 2007, c. 240, Pt. RRR, §2 (NEW). PL 2021, c. 548, §45 (REV).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 421: GENERAL PROVISIONS › Subchapter 5: APPEALS › 5 §17451. Appeals

§17451. Appeals
1.  Decision of chief executive officer.
Any person aggrieved by a decision or ruling of the chief executive officer may appeal the decision or ruling to the board.
A. To appeal a person must apply in writing to the board within 30 days after receiving written notice of the chief executive officer's decision or ruling.   [PL 1985, c. 801, §§ 5, 7 (NEW); PL 2021, c. 548, §548 (REV).]
B. In any appeal proceeding, the board may investigate and consider all issues of fact or law, including the reasons for the decision or ruling of the chief executive officer.   [PL 1985, c. 801, §§ 5, 7 (NEW); PL 2021, c. 548, §45 (REV).]
C. The appeal proceeding is an adjudicatory proceeding within the meaning of chapter 375, subchapter IV.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
D. The board shall complete the appeal proceeding within 90 days of receiving the written application for appeal.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
[PL 1985, c. 801, §§ 5, 7 (NEW); PL 2021, c. 548, §45 (REV).]
2.  Decision of board.
Any person aggrieved by a decision or ruling of the board in an adjudicatory proceeding is entitled to judicial review of the decision or ruling in accordance with chapter 375, subchapter VII.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2021, c. 548, §45 (REV).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 1: GENERAL PROVISIONS › 5 §17601. Information from departments

§17601. Information from departments
1.  State employees.
The head of each department shall submit to the board, on behalf of the employee:
A. A statement showing the name, title, compensation, sex, date of birth and length of service of each member of the State Employee and Teacher Retirement Program in that department and any other information required to administer this Part in the format specified by the chief executive officer; and   [PL 2007, c. 491, §92 (AMD); PL 2021, c. 548, §45 (REV).]
B. A statement giving whatever information regarding other employees in that department the board may require.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
[PL 2007, c. 491, §92 (AMD); PL 2021, c. 548, §45 (REV).]
2.  Teachers.
Each superintendent or chief administrator of a public school shall submit the information set out in subsection 1 to the board for all teachers, except substitute teachers who elect not to become members of the retirement system pursuant to section 17652, subsection 6.
[PL 2007, c. 305, §1 (AMD).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 305, §1 (AMD). PL 2007, c. 491, §92 (AMD). PL 2021, c. 548, §45 (REV).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 1: GENERAL PROVISIONS › 5 §17602. Name, establishment and purpose

§17602. Name, establishment and purpose
There is established the State Employee and Teacher Retirement Program as a governmental qualified defined benefit plan pursuant to Sections 401(a) and 414(d) of the Internal Revenue Code and such other provisions of the Internal Revenue Code and United States Treasury regulations and other guidance as are applicable, which has the powers and privileges of a corporation.   [PL 2009, c. 474, §13 (AMD).]
The purpose of the State Employee and Teacher Retirement Program is to provide retirement allowances and other benefits under this chapter for state employees and teachers.   [PL 2007, c. 491, §93 (NEW).]
SECTION HISTORY
PL 2007, c. 491, §93 (NEW). PL 2009, c. 474, §13 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 1: GENERAL PROVISIONS › 5 §17603. Internal Revenue Code qualified plan compliance

§17603. Internal Revenue Code qualified plan compliance
The State Employee and Teacher Retirement Program established in this chapter is subject to the following requirements.   [PL 2009, c. 474, §14 (NEW).]
1.  Vesting.
In compliance with the Code, Section 401(a)(7), a member is 100% vested in the member's contribution account at all times.
[PL 2009, c. 474, §14 (NEW).]
2.  Use of forfeitures of benefits.
In compliance with the Code, Section 401(a)(8), any forfeitures of benefits by members or former members may not be used to pay benefit increases, but must be used to reduce unfunded liabilities.
[PL 2009, c. 474, §14 (NEW).]
3.  Benefits.
In compliance with the Code, Section 401(a)(9), benefits must be paid in accordance with a good faith interpretation of the requirements of the Code, Section 401(a)(9) and the regulations in effect under that section, as applicable to a governmental plan within the meaning of the Code, Section 414(d).
[PL 2009, c. 474, §14 (NEW).]
4.  Application of annual compensation limits.
In compliance with the Code, Section 401(a)(17), applicable annual compensation limits must be applied for purposes of determining benefits or contributions due to the retirement system.
[PL 2009, c. 474, §14 (NEW).]
5.  Rollovers.
In compliance with the Code, Section 401(a)(31), a member may elect, at the time and in the manner prescribed by the board, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the member in a direct rollover.
[PL 2009, c. 474, §14 (NEW).]
6.  Qualified military service.
Effective December 12, 1994, contributions, benefits and service credit with respect to qualified military service are governed by the Code, Section 414(u) and the federal Uniformed Services Employment and Reemployment Rights Act of 1994 and, effective January 1, 2007, the Code, Section 401(a)(37).
[PL 2009, c. 474, §14 (NEW).]
7.  Additional requirements.
In compliance with the Code, Section 415, the member contributions paid to and retirement benefits paid from the State Employee and Teacher Retirement Program must be limited to the extent necessary to conform to the requirements of the Code, Section 415 for a qualified pension plan.
[PL 2009, c. 474, §14 (NEW).]
8.  Compliance with Section 503(b).
Effective July 1, 1989, the board may not engage in a transaction prohibited by the Code, Section 503(b).
[PL 2009, c. 474, §14 (NEW).]
9.  Rules.
The board shall adopt rules necessary to maintain the qualified pension plan tax status of the State Employee and Teacher Retirement Program under the Internal Revenue Code as required for governmental defined benefit plans defined in the Code, Section 414(d). Rules adopted under this subsection are routine technical rules as defined in chapter 375, subchapter 2-A.
[PL 2009, c. 474, §14 (NEW).]
SECTION HISTORY
PL 2009, c. 474, §14 (NEW).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 2: MEMBERSHIP › 5 §17651. Mandatory membership

§17651. Mandatory membership
All state employees and teachers become members of the State Employee and Teacher Retirement Program as a condition of their employment.   [PL 2007, c. 491, §94 (AMD).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 491, §94 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 2: MEMBERSHIP › 5 §17653. Denial of membership rights (WHOLE SECTION TEXT EFFECTIVE UNTIL CONTINGENCY: See PL 1991, 619, §18)

§17653. Denial of membership rights
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL CONTINGENCY: See PL 1991, 619, §18)
1.  Board of trustees.
The board may deny membership to any class of employees whose compensation is set on any basis other than a per annum basis and that is not required by 26 CFR Part 31 to be covered by a public employee retirement system or the United States Social Security System.
[PL 1991, c. 619, §6 (RPR); PL 1991, c. 619, §18 (AFF).]
2.  Maine Community College System.
The Maine Community College System may deny membership to adjunct faculty members and part-time, seasonal or temporary employees.
[PL 1991, c. 619, §6 (RPR); PL 1991, c. 619, §18 (AFF); PL 2003, c. 20, Pt. OO, §2 (AMD); PL 2003, c. 20, Pt. OO, §4 (AFF).]
SECTION HISTORY
PL 1985, c. 801, §§5, 7 (NEW). PL 1991, c. 619, §6 (RPR). PL 1991, c. 619, §18 (AFF). PL 2003, c. 20, §OO2 (AMD). PL 2003, c. 20, §OO4 (AFF).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 2: MEMBERSHIP › 5 §17653. Denial of membership rights (WHOLE SECTION TEXT EFFECTIVE ON CONTINGENCY: See PL 1991, c. 619, §18)

§17653. Denial of membership rights
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE ON CONTINGENCY: See PL 1991, c. 619, §18)
The board may, in its discretion, deny the right to become a member to:   [PL 1985, c. 801, §§5, 7 (NEW).]
1.  Compensation partly paid by State.
Any class of employees, except teachers, whose compensation is only partly paid by the State; or
[PL 1985, c. 801, §§5, 7 (NEW).]
2.  Other than per annum payment.
Any class of employees who are serving on a temporary basis or whose compensation is set on any basis other than a per annum basis.
[PL 1985, c. 801, §§5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5, 7 (NEW). PL 1991, c. 619, §6 (RPR). PL 1991, c. 619, §18 (AFF). PL 2003, c. 20, §OO2 (AMD). PL 2003, c. 20, §OO4 (AFF).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 2: MEMBERSHIP › 5 §17654. Cessation of membership

§17654. Cessation of membership
A member ceases to be a member of the State Employee and Teacher Retirement Program if the member:   [PL 2007, c. 491, §96 (AMD).]
1.  Withdrawal.
Withdraws accumulated contributions;
[PL 1987, c. 739, §§10, 48 (AMD).]
2.  Beneficiary.
Becomes a beneficiary as a result of the member's own retirement; or
[PL 1985, c. 801, §§ 5, 7 (NEW).]
3.  Death.
Dies.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§10,48 (AMD). PL 2007, c. 491, §96 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 2: MEMBERSHIP › 5 §17655. Service in the Armed Forces

§17655. Service in the Armed Forces
1.  Membership continued.
The membership of the following employees is considered to have continued during the period of the employee's service in the Armed Forces of the United States:
A. Any employee entering a class of service in the Armed Forces of the United States approved by resolution of the board, if the employee does not withdraw accumulated contributions;   [PL 1991, c. 479, §1 (AMD).]
B. Any employee who enlists in or is inducted or drafted into the service of the Armed Forces of the United States;   [PL 2001, c. 181, §6 (AMD).]
C. Any employee who enlists in or is inducted or drafted into the service of the Armed Forces of the United States while the United States Selective Service Act of 1948, Public Law 759, or any of its amendments or extensions is in effect.   [PL 1991, c. 479, §1 (NEW).]
[PL 2001, c. 181, §6 (AMD).]
2.  Other military benefits.
Any employee who satisfies the criteria of subsection 1, paragraph B, is entitled to all the benefits of Title 26, section 811.
[PL 2001, c. 662, §5 (AMD).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 402, §§A70,A71 (AMD). PL 1987, c. 739, §§11,48 (AMD). PL 1991, c. 479, §1 (AMD). PL 2001, c. 181, §6 (AMD). PL 2001, c. 662, §5 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 2: MEMBERSHIP › 5 §17657. Federal employment

§17657. Federal employment
1.  Membership in the State Employee and Teacher Retirement Program.
The following persons are considered members of the State Employee and Teacher Retirement Program if they make payments to the Members' Contribution Fund in the same amounts and during the same periods as other state employees have made to that fund, either through direct contributions or pick-up contributions:
A. Any person who was an employee on December 31, 1941, and who was transferred to the federal employment service; and   [PL 1985, c. 801, §§ 5, 7 (NEW).]
B. Any person employed by the federal employment service after December 31, 1941, who subsequently became a state employee at or after the date on which the federal employment service was returned to the State as an operating unit.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
[PL 2007, c. 491, §98 (AMD).]
2.  Amounts due.
Any person described in subsection 1 may make up any amounts due to the Members' Contribution Fund.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
3.  Rights and benefits.
Any person described in subsection 1 is entitled to all the rights and benefits which he could have accrued if he had been employed by the State.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§12,48 (AMD). PL 2007, c. 491, §98 (AMD).
2023 Maine Revised Statutes › TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES › Part 20: STATE RETIREMENT SYSTEM › Chapter 423: STATE EMPLOYEES AND TEACHERS › Subchapter 2: MEMBERSHIP › 5 §17658. Maine National Guard

§17658. Maine National Guard
1.  Membership in the State Employee and Teacher Retirement Program.
Any person who was an employee on December 31, 1941, and who later transferred to the Maine National Guard and was employed under the National Defense Act of June 3, 1916, section 90, is considered a member of the State Employee and Teacher Retirement Program if that person makes payments to the Members' Contribution Fund in the same amounts and during the same periods as other state employees have made to that fund, either through direct contributions or pick-up contributions.
[PL 2007, c. 491, §99 (AMD).]
2.  Amounts due.
Any person described in subsection 1 may make up any amounts due to the Members' Contribution Fund.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
3.  Rights and benefits.
Any person described in subsection 1 is entitled to all the rights and benefits which he could have accrued if he had been employed by the State.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§13,48 (AMD). PL 2007, c. 491, §99 (AMD).