Maine § 5 §18452 Computation of benefit

Maine Statutes

§ 5 §18452 — Computation of benefit

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

1.Member in service. The total amount of the service retirement benefit for members qualified under section 18451, subsection 1 equals:

2.Member not in service. The amount of the service retirement benefit for members qualified under section 18451, subsection 2, shall be computed in accordance with subsection 1.

3.Member with creditable service of 25 years or more. The amount of the service retirement benefit for members qualified under section 18451, subsection 3 is computed in accordance with subsection 1, except that:

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1.
Member in service.
The total amount of the service retirement benefit for members qualified under section 18451, subsection 1 equals:
2.
Member not in service.
The amount of the service retirement benefit for members qualified under section 18451, subsection 2, shall be computed in accordance with subsection 1.
3.
Member with creditable service of 25 years or more.
The amount of the service retirement benefit for members qualified under section 18451, subsection 3 is computed in accordance with subsection 1, except that:

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