An Act To Allow a Former Spouse of a Member of the Maine Public Employees Retirement System To Begin Collecting Benefits When the Former Spouse Reaches the Member's Retirement Age
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §17059, sub-§4, ¶H, as enacted by PL 1991, c. 746, §9 and affected by §10, is amended to read:
H. Does not require the payment of benefits to an alternate payee before the retirement of a member other than a member of the State Employee and Teacher Retirement Program under chapter 423 and when the payee reaches the member's normal retirement age, the distribution of a withdrawal of contributions to a member or other distribution to a member required by law.
Sec. 2. 5 MRSA §17059, sub-§5, ¶E, as enacted by PL 1991, c. 746, §9 and affected by §10, is amended to read:
E. The order may not require any action on the part of the retirement system contrary to its governing laws or plan provisions other than the direct payment of the benefit awarded to an alternate payee or the direct payment of the benefit awarded to an alternate payee before the retirement of a member of the State Employee and Teacher Retirement Program under chapter 423 and when the payee reaches the member's normal retirement age.
SUMMARY
This bill amends the requirements related to a qualified domestic relations order to allow the payment of retirement benefits to an alternate payee before the retirement of a member of the State Employee and Teacher Retirement Program and when the payee reaches the member's normal retirement age.