SP0600
LD 1693
First Special Session - 123rd Legislature - Text: MS-Word, RTF or PDF LR 2016
Item 4
Bill Tracking Chamber Status

Amend the amendment by striking out everything after the substitute title and before the summary and inserting the following:

‘Amend the bill by striking everything after the enacting clause and before the summary and inserting the following:

Sec. 1. 5 MRSA §17852, sub-§3-B  is enacted to read:

3-B Teachers with fewer than 10 years of creditable service on July 1, 1993.   Notwithstanding subsection 3-A, for a teacher who was employed as a teacher and who was a member on July 1, 1993 and did not have 10 years of creditable service, the amount of the service retirement benefit for members qualified under section 17851, subsection 3 is computed in accordance with subsection 1, except that the benefit is reduced by 3% for each year that the member's age precedes 62 years of age.

summary

This amendment strikes the bill and Committee Amendment "A" to change to 3% the amount of benefit reduction for teachers employed on July 1, 1993 who did not have 10 years of creditable service. This corrects what is known as the "cliff provision" for teachers.


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