Maine Const. art. IX, § 18-B

Maine Constitution

Article IX, § 18-B — Payment of unfunded liabilities of the Maine State Retirement System

Maine Const. art. IX, § 18-B (Payment of unfunded liabilities of the Maine State Retirement System) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionMaine DocumentConstitution

ArticleIX

Section§ 18-B

CitationMaine Const. art. IX, § 18-B

Bluebook

Me. Const. art. IX, § 18-B.

Full Text

Each fiscal year beginning with the fiscal year starting July 1, 1997, the Legislature shall appropriate funds that will retire in 31 years or less the unfunded liabilities of the Maine State Retirement System that are attributable to state employees and teachers. The unfunded liabilities referred to in this section are those determined by the Maine State Retirement System's actuaries and certified by the Board of Trustees of the Maine State Retirement System as of June 30, 1996.

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Each fiscal year beginning with the fiscal year starting July 1, 1997, the Legislature shall appropriate funds that will retire in 31 years or less the unfunded liabilities of the Maine State Retirement System that are attributable to state employees and teachers. The unfunded liabilities referred to in this section are those determined by the Maine State Retirement System's actuaries and certified by the Board of Trustees of the Maine State Retirement System as of June 30, 1996.