§801. Membership 1. Membership mandatory. Every Legislator serving in the Legislature on or after December 3, 1986 is a member of the Legislative Retirement Program, except that any Legislator who was a member of the Maine State Retirement System on December 2, 1986 may choose to be a member of the State Employee and Teacher […]
§802. Creditable service Creditable service for the purpose of determining benefits under this chapter shall be allowed as follows. [PL 1985, c. 507, §1 (NEW).] 1. Legislative service after December 2, 1986. All legislative service of a member after December 2, 1986, for which contributions are made, shall be allowed as creditable service. […]
§803. State contribution 1. Payment. For each member, the State shall pay annually into the fund an amount known as the employer contribution. [PL 1985, c. 507, §1 (NEW).] 2. Employer contribution. Employer contribution must be fixed on the basis of the assets and liabilities of the Legislative Retirement Program as shown by actuarial […]
§804. Members’ contributions On and after July 1, 1993, each member shall contribute at a rate of 7.65% of earnable compensation. [PL 1993, c. 410, Pt. L, §3 (AMD).] SECTION HISTORY PL 1985, c. 507, §1 (NEW). PL 1993, c. 410, §L3 (AMD).
§805-A. Refund of accumulated contributions 1. Conditions for refund. If the service of any member has terminated, except by death or by retirement under this chapter, the member must be paid the amount of the member’s accumulated contributions under the following conditions: A. The member must have properly applied for a refund of accumulated […]
§805-B. Inactive accounts 1. Conditions for refund. The retirement system may make an automatic refund of contributions to a member who has not properly applied for a refund as provided in section 805-A and who has terminated service, except by death or by retirement under this chapter, and who has not met the minimum creditable […]
§805. Return of accumulated contributions (REPEALED) SECTION HISTORY PL 1985, c. 507, §1 (NEW). PL 1993, c. 387, §A1 (AMD). PL 1997, c. 651, §1 (AMD). PL 2007, c. 137, §2 (RP).
§806. Additional member contributions by certain members 1. Application. This section applies to a Legislator who is a public school teacher or an employee of the Maine Community College System who is on a leave of absence for the purpose of serving in the Legislature on or after July 1, 2002. [PL 2001, c. […]
