Maine § 5 §17101 Establishment

Maine Statutes

§ 5 §17101 — Establishment

Maine § 5 §17101

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 20STATE RETIREMENT SYSTEM

Ch. 421GENERAL PROVISIONS

This text of Maine § 5 §17101 (Establishment) 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. 5, § 5 §17101 (2026).

Text

1.Purpose. There is established a retirement system, the functions and operations of which are under the supervision of the board, for the purpose of providing retirement allowances and other benefits under this Part for employees.

2.Name. The retirement system is known as the "Maine Public Employees Retirement System" and by that name all of its business must be transacted, all of its funds invested and all of its cash and securities and other property held in trust for the purpose for which received.

3.Date of establishment. The date of establishment of the retirement system is:

4.Corporation.

5.Body corporate and politic. The retirement system is a body corporate and politic and an incorporated public instrumentality of the State and the exercise of powers conferred by this Part ar

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1.
Purpose.
There is established a retirement system, the functions and operations of which are under the supervision of the board, for the purpose of providing retirement allowances and other benefits under this Part for employees.
2.
Name.
The retirement system is known as the "Maine Public Employees Retirement System" and by that name all of its business must be transacted, all of its funds invested and all of its cash and securities and other property held in trust for the purpose for which received.
3.
Date of establishment.
The date of establishment of the retirement system is:
4.
Corporation.
5.
Body corporate and politic.
The retirement system is a body corporate and politic and an incorporated public instrumentality of the State and the exercise of powers conferred by this Part are held to be the performance of essential government functions.