Maine § 3 §803 State contribution

Maine Statutes

§ 3 §803 — State contribution

Maine § 3 §803

Title 3LEGISLATURE

Ch. 29LEGISLATIVE RETIREMENT

This text of Maine § 3 §803 (State contribution) 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.

Bluebook

Me. Rev. Stat. tit. 3, § 3 §803 (2026).

Text

1.Payment. For each member, the State shall pay annually into the fund an amount known as the employer contribution.

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 valuation and is expressed as a percentage of the annual earnable compensation of each member.

3.State contribution procedure. The board of trustees shall submit budget estimates to the State Budget Officer in accordance with Title 5, section 1665.

4.Minimum amount of employer contribution. The aggregate payment by the State into the fund must be at least sufficient to provide the benefits payable out of the fund and the administrative operating expenses of the Legislative Retirement Program during the current

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1.
Payment.
For each member, the State shall pay annually into the fund an amount known as the employer contribution.
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 valuation and is expressed as a percentage of the annual earnable compensation of each member.
3.
State contribution procedure.
The board of trustees shall submit budget estimates to the State Budget Officer in accordance with Title 5, section 1665.
4.
Minimum amount of employer contribution.
The aggregate payment by the State into the fund must be at least sufficient to provide the benefits payable out of the fund and the administrative operating expenses of the Legislative Retirement Program during the current year.