Maine Statutes
§ 5 §17254 — Minimum state contribution
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 421 GENERAL PROVISIONS
The aggregate payment by the State into the Retirement Allowance Fund for state employees and teachers must be at least sufficient, when combined with the amount in the Retirement Allowance Fund, to provide the benefits payable out of the fund and the administrative operating expenses of the Maine Public Employees Retirement System during the current year.
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Maine § 5 §17254 (Minimum state contribution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 58, §3 (REV). PL 2007, c. 240, Pt. U, §7 (AMD).
Nearby Sections
15
§ 5 §172
Maine Retirement Savings Board§ 5 §1720
Fund limitations§ 5 §17201
Establishment§ 5 §17202
Deduction adjustments§ 5 §17203
Payroll deduction§ 5 §17204
Contributions on member's own account§ 5 §17205
Transfers of funds§ 5 §17206
Statement of account§ 5 §1721
Administration; uninsured losses§ 5 §1722
Size of deductible§ 5 §1723
Deposit§ 5 §1725
The Maine Insurance Advisory Board§ 5 §1725-A
Risk management§ 5 §17251
Establishment§ 5 §17252
Employer contribution