LD 274
pg. 41
Page 40 of 46 PUBLIC Law Chapter 510 Page 42 of 46
Download Chapter Text
LR 1
Item 1

 
(a)__Had 10 years of creditable service on July 1,
1993, the segment amount must be reduced in the
manner provided in section 17852, subsection 3,
paragraphs A and B for each year that the member's
age precedes 55 years of age; or

 
(b)__Had fewer than 10 years of creditable service
on July 1, 1993, the segment amount must be
reduced by 6% for each year that the member's age
precedes 55 years of age.

 
Sec. D-5. 5 MRSA §17851-A, sub-§5, as amended by PL 2001, c. 559, Pt.
RR, §9 and affected by §17 and amended by c. 646, §§11 and 12, is
repealed and the following enacted in its place:

 
5.__Contributions.__Notwithstanding any other provision of
subchapter 3, after June 30, 1998 and before September 1, 2002
for employees identified in subsection 1, paragraphs A and B;
after June 30, 1998 for employees identified in subsection 1,
paragraphs C to H; after December 31, 1999 for employees
identified in subsection 1, paragraphs I to K; after December 31,
2001 for employees identified in subsection 1, paragraph L; and
after June 30, 2002 for employees identified in subsection 1,
paragraph M, a member in the capacities specified in subsection 1
must contribute to the retirement system or have pick-up
contributions made at the rate of 8.65% of earnable compensation
until the member has completed 25 years of creditable service as
provided in this section and at the rate of 7.65% thereafter.

 
Sec. D-6. PL 2001, c. 646, §§4, 6, 8, 10 and 12 are repealed.

 
Sec. D-7. Retroactivity. That section of this Part that repeals
Public Law 2001, chapter 646, sections 4, 6, 8, 10 and 12 applies
retroactively to March 25, 2002.

 
Sec. D-8. Existing contingency continues to apply. Nothing in this Part
affects the requirement that the full actuarial cost of the total
liability for the increased value of all of the service rendered
between August 31, 1984 and September 1, 2002 for all employees
to whom Public Law 2001, chapter 559, Part RR applies must be
paid before that retirement service credit is due to or may be
given to any employee, as provided in Public Law 2001, chapter
559, Part RR.

 
PART E

 
Sec. E-1. 20-A MRSA §12302, sub-§1, as enacted by PL 1999,


Page 40 of 46 Top of Page Page 42 of 46
Related Pages
  Search Bill Text Legislative Information
Bill Directory Search
Bill
Status
Session Information
119th Legislature Bills Maine Legislature

Office of Legislative Information
100 State House Station
Augusta, ME 04333
voice: (207) 287-1692
fax: (207) 287-1580
tty: (207) 287-6826
Word Viewer for Windows Disclaimer