Maine Statutes
§ 5 §18200 — Name, establishment and purpose
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 425 PARTICIPATING LOCAL DISTRICTS
There is established the Participating Local District Retirement Program as a governmental qualified defined benefit plan pursuant to Sections 401(a) and 414(d) of the Internal Revenue Code and such other provisions of the Internal Revenue Code and United States Treasury regulations and other guidance as are applicable, which has the powers and privileges of a corporation.
The purpose of the Participating Local District Retirement Program is to provide retirement allowances and other benefits under this chapter for employees of participating local districts.
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Legislative History
PL 2007, c. 491, §181 (NEW). PL 2009, c. 474, §26 (AMD).
Nearby Sections
15
§ 5 §1820
Motor vehicles sold by State§ 5 §18200
Name, establishment and purpose§ 5 §18201
Local district participation§ 5 §18202
Adoption of amendments to laws§ 5 §18203-A
Resumption of participation after withdrawal§ 5 §18204
Chief fiscal officer§ 5 §1821
Purpose§ 5 §1822
Blind-made products§ 5 §1823
Price determination§ 5 §1824-A
Statewide Capital Equipment Fund§ 5 §1824-B
State Procurement Review Committee§ 5 §1825
Prohibitions