Maine Statutes
§ 5 §17157 — Interest and dividend credits
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 421 GENERAL PROVISIONS
All interest and dividends earned on the funds of the retirement system shall be credited to the Retirement Allowance Fund.
1.Transfer to Members' Contribution Fund.
The board shall periodically allow regular interest on the individual accounts of members in the Members' Contribution Fund and shall transfer those amounts from the Retirement Allowance Fund to the Members' Contribution Fund.
2.Transfer to Survivors' Benefit Fund.
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Legislative History
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 95, §2 (AMD). PL 2007, c. 249, §18 (AMD).
Nearby Sections
15
§ 5 §171
Definitions§ 5 §1710-A
Duties of commission§ 5 §1710-B
Contracts§ 5 §1710-C
Meetings§ 5 §1710-D
Staffing§ 5 §1710-F
Duties of committee§ 5 §1710-G
Use of revenue forecasts§ 5 §1710-H
Meetings§ 5 §1710-I
Staffing§ 5 §1710-J
Access to information§ 5 §1710-K
Performance budgeting; definitions§ 5 §1710-M
Duties of commission