Maine Statutes
§ 5 §17432 — Establishment
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 421 GENERAL PROVISIONS
1.Investment trust fund established.
The Retiree Health Insurance Post-employment Benefits Investment Trust Fund is established as an irrevocable trust for the sole purpose of holding and investing funds appropriated or otherwise provided to the investment trust fund for the benefit of the Irrevocable Trust Fund for Other Post-employment Benefits established in section 286-B with respect to the State's liabilities for retiree health benefits. The purpose of accumulating assets in this investment trust fund is to provide funding of the State's unfunded liability obligations for retiree health benefits. The Legislature has no authority or power to divert any of the assets of the investment trust fund to use for any other purpose.
2.Date of establishment.
The date of establishment of the in
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Legislative History
PL 2007, c. 58, §3 (REV). PL 2007, c. 240, Pt. RRR, §2 (NEW).
Nearby Sections
15
§ 5 §174
Rules§ 5 §17401
Establishment and limitation of fund§ 5 §17402
Payment of premium§ 5 §17403
Administration of fund§ 5 §1741
Definitions§ 5 §17411
Establishment and limitation of fund§ 5 §17412
Payment of premium§ 5 §17413
Administration of fund§ 5 §1742
Powers and duties§ 5 §1742-A
Security; regulations§ 5 §1742-B
Municipal building ordinances§ 5 §1742-C
Institutions of higher education