Maine § 5 §18451 Qualification for benefits for members not covered under chapter 427

Maine Statutes

§ 5 §18451 — Qualification for benefits for members not covered under chapter 427

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

Qualification for service retirement benefits for a member not covered under chapter 427 is governed by subsection 1, 2 or 3, unless the requirements of section 18453 are satisfied, in which case one or more of the subsections of section 18453 governs.

1.Member in service. A member who is in service when reaching 60 years of age, or is in service after reaching 60 years of age, qualifies for a service retirement benefit if the member:

2.Member not in service. A member who is not in service when reaching 60 years of age qualifies for a service retirement benefit if the member:

3.Member with creditable service of 25 years or more. A member, whether or not in service at retirement, who has completed 25 or more years of creditable service qualifies for a service retirement benefit if the me

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Qualification for service retirement benefits for a member not covered under chapter 427 is governed by subsection 1, 2 or 3, unless the requirements of section 18453 are satisfied, in which case one or more of the subsections of section 18453 governs.
1.
Member in service.
A member who is in service when reaching 60 years of age, or is in service after reaching 60 years of age, qualifies for a service retirement benefit if the member:
2.
Member not in service.
A member who is not in service when reaching 60 years of age qualifies for a service retirement benefit if the member:
3.
Member with creditable service of 25 years or more.
A member, whether or not in service at retirement, who has completed 25 or more years of creditable service qualifies for a service retirement benefit if the member retires at any time after completing 25 years of service, which may include, for the purpose of meeting eligibility requirements, creditable service as a member of the Legislative Retirement Program under Title 3, section 701, subsection 8.
3-A.
Five-year minimum creditable service requirement for eligibility to receive service retirement benefit at applicable age; applicability.
The minimum requirement of 5 years of creditable service for eligibility to receive service retirement benefits under subsection 1, paragraph E or subsection 2, paragraph D applies only to:

Maine § 5 §18451 (Qualification for benefits for members not covered under chapter 427) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 256, §§35-38 (AMD). PL 1987, c. 402, §A74 (AMD). PL 1989, c. 78, §§5,6 (AMD). PL 1999, c. 756, §§16-23 (AMD). PL 2007, c. 491, §§239-243 (AMD). PL 2013, c. 391, §9 (AMD).