§ 5 §17851-A — 1998 Special Plan established

Maine § 5 §17851-A

• Jurisdiction: Maine
• Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
• Part 20: STATE RETIREMENT SYSTEM
• Ch. 423: STATE EMPLOYEES AND TEACHERS

Text

1.
Establishment and applicability.
Effective July 1, 1998, there is established a special retirement plan to be known as the 1998 Special Plan. The 1998 Special Plan applies to members in the following capacities:
2.
Qualification for benefits.
A member employed in any one or a combination of the capacities specified in subsection 1 after June 30, 1998 and before September 1, 2002 for employees identified in subsection 1, paragraphs A and B; after June 30, 1998 for employees identified in subsection 1, paragraphs C to H; after December 31, 1999 for employees identified in subsection 1, paragraphs I to K; any employee identified in subsection 1, paragraph M; after June 30, 2020 for employees identified in subsection 1, paragraphs N to P; after September 30, 2021 for employees identified in subsection 1, paragraph Q; after September 30, 2025 for employees identified in subsection 1, paragraph R; and any employee identified in subsection 1, paragraph L, qualifies for a service retirement benefit if that member either:
3.
Purchase of service credit to be used for qualification for benefits.
This subsection governs the use of purchased service credit in order to qualify for benefits.
4.
Computation of benefits.
The amount of the service retirement benefit for members qualified under subsection 2 must be computed as follows.
5.
Contributions.
Notwithstanding any provision of subchapter 3 to the contrary, after June 30, 1998 and before September 1, 2002 for employees identified in subsection 1, paragraphs A and B; after June 30, 1998 for employees identified in subsection 1, paragraphs C to H; after December 31, 1999 for employees identified in subsection 1, paragraphs I to K; after December 31, 2001 for employees identified in subsection 1, paragraph L; after June 30, 2002 for employees identified in subsection 1, paragraph M; after June 30, 2020 for employees identified in subsection 1, paragraphs N to P; after September 30, 2021 for employees identified in subsection 1, paragraph Q; and after September 30, 2025 for employees identified in subsection 1, paragraph R, a member in the capacities specified in subsection 1 must contribute to the State Employee and Teacher Retirement Program or have pick-up contributions made at the rate of 8.65% of earnable compensation until the member has completed 25 years of creditable service as provided in this section and at the rate of 7.65% thereafter.
6.
Consequences of participation in retirement plan under section 17851, subsection 5-A, 6-A or 8-A.
Notwithstanding any other provision of law, a member in the capacities specified in subsection 1 who, prior to July 1, 1998 elected the retirement option provided in section 17851, subsection 5‑A, 6‑A or 8‑A is treated as follows under the 1998 Special Plan.
6-A.
Consequences of participation in retirement plan under section 17851, subsection 12 or 13.
A member in the capacities specified in subsection 1, paragraphs J and K who, prior to January 1, 2000, elected the retirement option provided in section 17851, subsection 12 or 13 is treated as follows under the 1998 Special Plan.
6-B.
Consequences of participation in retirement plan under section 17851, subsection 14.
A member in the capacity specified in subsection 1, paragraph O who, prior to July 1, 2020, elected the retirement option provided in section 17851, subsection 14 is treated as follows under the 1998 Special Plan.

Legislative History

PL 1997, c. 769, §11 (NEW). PL 1999, c. 489, §14 (AMD). PL 1999, c. 493, §§4-10 (AMD). PL 1999, c. 731, §§CC4-6 (AMD). PL 2001, c. 409, §§1-6 (AMD). PL 2001, c. 559, §§RR5-9 (AMD). PL 2001, c. 559, §RR17 (AFF). PL 2001, c. 646, §§1-12 (AMD). PL 2003, c. 510, §§D1-5 (AMD). PL 2003, c. 510, §§D6,7 (AFF). PL 2005, c. 519, §FF1 (AMD). PL 2007, c. 137, §§14, 15 (AMD). PL 2007, c. 491, §§157-159 (AMD). PL 2009, c. 317, Pt. E, §§15, 16 (REV). PL 2013, c. 368, Pt. V, §4 (AMD). PL 2013, c. 405, Pt. D, §2 (AMD). PL 2017, c. 439, §§1-4 (AMD). PL 2017, c. 439, §5 (AFF). PL 2019, c. 459, §2 (AMD). PL 2019, c. 482, §1 (AMD). PL 2019, c. 537, §§1-8 (AMD). PL 2019, c. 541, §§2-10 (AMD). PL 2019, c. 542, §§1-8 (AMD). RR 2019, c. 2, Pt. A, §§2-9 (COR). PL 2021, c. 293, Pt. B, §3 (AMD). PL 2021, c. 398, Pt. KKK, §1 (AMD). PL 2021, c. 398, Pt. LLL, §1 (AMD). PL 2021, c. 474, §§1-10 (AMD). PL 2023, c. 412, Pt. IIII, §1 (AMD). PL 2025, c. 388, Pt. R, §§1-9 (AMD).