Maine Statutes
§ 5 §18406 — Liability for payment of benefits
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 425 PARTICIPATING LOCAL DISTRICTS
1.Retirement system.
The retirement system's liability for payment of benefits is governed as follows.
2.Participating local districts.
If, when the contributions of a participating local district are computed for any fiscal year in accordance with sections 18302 and 18303, any of the reserve funds of the participating local district are less than the liabilities of the reserve fund, then the amount of the contributions to be paid shall be increased either:
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Maine § 5 §18406 (Liability for payment of benefits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1985, c. 801, §§5,7 (NEW).
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