Maine § 5 §18253 Employment changes affecting membership

Maine Statutes

§ 5 §18253 — Employment changes affecting membership

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 425 PARTICIPATING LOCAL DISTRICTS

1.Reemployment with new employer. Membership of a member who is reemployed with a new employer is governed as follows.

2.Purchase of previously rendered creditable service. Notwithstanding any law to the contrary, a member of a participating local district who has served in any participating local district or in any local district, and who did not make an election to decline membership while employed with that district, may purchase, by mutual agreement between the participating local district and the person concerned, service credit for the service previously rendered, upon proper certification that:

3.Former employee. Notwithstanding anything to the contrary, a participating local district may grant service credit for creditable service to any former employee who is currently a member

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1.
Reemployment with new employer.
Membership of a member who is reemployed with a new employer is governed as follows.
2.
Purchase of previously rendered creditable service.
Notwithstanding any law to the contrary, a member of a participating local district who has served in any participating local district or in any local district, and who did not make an election to decline membership while employed with that district, may purchase, by mutual agreement between the participating local district and the person concerned, service credit for the service previously rendered, upon proper certification that:
3.
Former employee.
Notwithstanding anything to the contrary, a participating local district may grant service credit for creditable service to any former employee who is currently a member of the Participating Local District Retirement Program, as long as the former employee did not make an election to decline membership while employed with that district. The entire actuarial cost of granting the service credit must be fully funded by the district granting the service credit.

Maine § 5 §18253 (Employment changes affecting membership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1985, c. 801, §§5,7 (NEW). PL 1991, c. 580, §12 (AMD). PL 1993, c. 410, §L43 (AMD). PL 1995, c. 363, §1 (AMD). PL 2005, c. 636, §B2 (AMD). PL 2007, c. 58, §3 (REV). PL 2007, c. 491, §§199-202 (AMD). PL 2007, c. 542, §§3, 4 (AMD). PL 2011, c. 449, §§16, 17 (AMD). PL 2015, c. 385, §10 (AMD).