Maine § 5 §18403 Election of methods of payment

Maine Statutes

§ 5 §18403 — Election of methods of payment

Maine § 5 §18403

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 20STATE RETIREMENT SYSTEM

Ch. 425PARTICIPATING LOCAL DISTRICTS

This text of Maine § 5 §18403 (Election of methods of payment) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Me. Rev. Stat. tit. 5, § 5 §18403 (2026).

Text

1.Definition. As used in this article, unless the context otherwise indicates, the term "qualifying member" means:

2.Election. In order to receive a benefit, a qualifying member must elect to have the qualifying member's service retirement benefit payable under any of the methods in section 18404.

3.Time and manner of election. A qualifying member must elect a method of payment before the beginning of payment of a service retirement benefit. This election must be by written notice to the chief executive officer stating the date on which the qualifying member desires to retire.

4.Change of election. A qualifying member may revoke the qualifying member's election of benefits and may elect another method of payment by giving written notice to the chief executive officer at any time before

Free access — add to your briefcase to read the full text and ask questions with AI

1.
Definition.
As used in this article, unless the context otherwise indicates, the term "qualifying member" means:
2.
Election.
In order to receive a benefit, a qualifying member must elect to have the qualifying member's service retirement benefit payable under any of the methods in section 18404.
3.
Time and manner of election.
A qualifying member must elect a method of payment before the beginning of payment of a service retirement benefit. This election must be by written notice to the chief executive officer stating the date on which the qualifying member desires to retire.
4.
Change of election.
A qualifying member may revoke the qualifying member's election of benefits and may elect another method of payment by giving written notice to the chief executive officer at any time before the first payment of the service retirement benefit.