Maine Statutes
§ 3 §702 — Name, establishment and purpose
There is established the Legislative Retirement Program as a governmental qualified defined benefit plan pursuant to Sections 401(a) and 414(d) of the Internal Revenue Code and such other provisions of the Internal Revenue Code and United States Treasury regulations and other guidance as are applicable, which has the powers and privileges of a corporation.
The purpose of the Legislative Retirement Program is to provide retirement allowances and other benefits under this chapter for Legislators.
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Legislative History
PL 1985, c. 507, §1 (NEW). PL 2007, c. 491, §5 (AMD). PL 2009, c. 474, §2 (AMD).
Nearby Sections
15
§ 3 §701
Definitions§ 3 §702
Name, establishment and purpose§ 3 §703
Legal process and assignment§ 3 §704-2
Beneficiaries under disability§ 3 §705
Internal Revenue Code compliance§ 3 §71
Short title§ 3 §72
Declaration of policy§ 3 §73
Definitions§ 3 §731
Board of trustees§ 3 §732
Executive director§ 3 §733
Actuary§ 3 §734
Medical board§ 3 §735
Administrative procedures§ 3 §736
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