Maine Const. art. IX, § 18-A

Maine Constitution

Article IX, § 18-A — Funding of retirement benefits under the Maine Public Employees Retirement System

This text of Maine Const. art. IX, § 18-A (Funding of retirement benefits under the Maine Public Employees Retirement System) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionMaine DocumentConstitution

ArticleIX

Section§ 18-A

CitationMaine Const. art. IX, § 18-A

Bluebook

Me. Const. art. IX, § 18-A.

Full Text

Beginning with the fiscal year starting July 1, 1997, the normal cost of all retirement and ancillary benefits provided to participants under the Maine Public Employees Retirement System must be funded annually on an actuarially sound basis. Unfunded liabilities may not be created except those resulting from experience losses. Unfunded liability resulting from experience losses must be retired over a period not exceeding 20 years.

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Beginning with the fiscal year starting July 1, 1997, the normal cost of all retirement and ancillary benefits provided to participants under the Maine Public Employees Retirement System must be funded annually on an actuarially sound basis. Unfunded liabilities may not be created except those resulting from experience losses. Unfunded liability resulting from experience losses must be retired over a period not exceeding 20 years.

History

CR 2017, c. 1 (AMD)

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Bluebook (online)

Maine Const. art. IX, § 18-A, Counsel Stack Legal Research, https://law.counselstack.com/constitution/me/IX/18-A.