Maine Statutes
§ 5 §18401 — Amendment not to cause reduction in benefit
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 425 PARTICIPATING LOCAL DISTRICTS
No amendment to this Part may cause any reduction in the amount of benefits which would be due to a member based on creditable service, earnable compensation, employee contributions, pick-up contributions and the provisions of this Part on the date immediately preceding the effective date of the amendment.
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Legislative History
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§42,48 (AMD).
Nearby Sections
15
§ 5 §18402
Eligibility for benefits§ 5 §18403
Election of methods of payment§ 5 §18404
Methods of payment§ 5 §18405
Remarriage after retirement§ 5 §18405-A
Divorce§ 5 §18406
Liability for payment of benefits§ 5 §18409
Payment from certain funds§ 5 §18410
Incorrect records§ 5 §18411
Earnable compensation continued§ 5 §18412
Limitation on benefits