Sec. R-1. 4 MRSA §§1402 and 1403, as enacted by PL 1983, c. 853, Pt. C, §§15 and 18, are repealed and the following enacted in their place:
1. Application. The retirement benefits of all judges who retired prior to December 1, 1984 are governed by this chapter.
2. Administration. Beginning on the effective date of this subsection, this chapter is administered by the Board of Trustees of the Maine State Retirement System. The trustees and the system are entitled to rely upon the books, records and reports provided to the board with respect to the payments, liabilities, beneficiary designations and all transactions conducted prior to the effective date of this subsection, and must be indemnified and held harmless by the State with respect to any such matters. On and after the effective date of this subsection, the Board of Trustees of the Maine State Retirement System is responsible for the payment of the retirement allowance under this section from the pre-1984 judicial retirement fund.
1. No contributions. Benefits provided by this chapter are funded solely by the State. No contribution may be required of any judge.
2. Appropriations. The Board of Trustees of the Maine State Retirement System shall forward to the Executive Department for inclusion in its budget request an estimate of the amount needed to be appropriated to the pre-1984 judicial retirement fund that will be sufficient, when combined with the amount in the fund, to provide the benefits payable out of the fund during the ensuing biennium.
Sec. R-2. Appropriations and allocations. The following appropriations and allocations are made.
JUDICIAL DEPARTMENT
Courts - Supreme, Superior, District and Administrative 0063
Initiative: Transfers funding for the retirement allowance for the pre-1984 judicial retirement fund to the Maine State Retirement System.
GENERAL FUND 2005-06 2006-07
All Other ($1,138,098) ($1,206,383)
__________ __________
GENERAL FUND TOTAL ($1,138,098) ($1,206,383)
JUDICIAL DEPARTMENT
DEPARTMENT TOTALS 2005-06 2006-07
GENERAL FUND ($1,138,098) ($1,206,383)
__________ __________
DEPARTMENT TOTAL -
ALL FUNDS ($1,138,098) ($1,206,383)
RETIREMENT SYSTEM, BOARD OF TRUSTEES OF THE MAINE STATE
Retirement System - Retirement Allowance Fund 0085
Initiative: Transfers funding for the retirement allowance for the pre-1984 judicial retirement fund to the Maine State Retirement System.
GENERAL FUND 2005-06 2006-07
All Other $1,138,098 $1,206,383
__________ __________
GENERAL FUND TOTAL $1,138,098 $1,206,383
RETIREMENT SYSTEM, BOARD OF TRUSTEES OF
THE MAINE STATE
DEPARTMENT TOTALS 2005-06 2006-07
GENERAL FUND $1,138,098 $1,206,383
__________ __________
DEPARTMENT TOTAL -
ALL FUNDS $1,138,098 $1,206,383
SECTION TOTALS 2005-06 2006-07
GENERAL FUND $0 $0
__________ __________
SECTION TOTAL - ALL FUNDS $0 $0
| Revisor of Statutes Homepage | Subject Index | Search | 122nd Laws of Maine | Maine Legislature |
About the 1st Regular & 1st Special Session Laws Of Maine
