Maine § 5 §18653-A Funds

Maine Statutes

§ 5 §18653-A — Funds

Maine § 5 §18653-A

Title 5ADMINISTRATIVE PROCEDURES AND SERVICES

Part 20STATE RETIREMENT SYSTEM

Ch. 425PARTICIPATING LOCAL DISTRICTS

This text of Maine § 5 §18653-A (Funds) 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 §18653-A (2026).

Text

All assets in the group life insurance program may be combined for investment purposes. The assets attributable to employers of participating local district participants in the group life insurance program may not be combined with the assets attributable to other group life insurance participants for benefit purposes. Premiums for retiree group life insurance coverage under section 18661, subsection 2, and interest and dividends attributable to those premiums, may not be used to provide benefits for participants who are not retirees.

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All assets in the group life insurance program may be combined for investment purposes. The assets attributable to employers of participating local district participants in the group life insurance program may not be combined with the assets attributable to other group life insurance participants for benefit purposes. Premiums for retiree group life insurance coverage under section 18661, subsection 2, and interest and dividends attributable to those premiums, may not be used to provide benefits for participants who are not retirees.

Legislative History

PL 2017, c. 88, §35 (NEW). PL 2017, c. 475, Pt. A, §6 (AMD).

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§ 5 §18653

Rules

§ 5 §18653-A

Funds

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Bluebook (online)

Maine § 5 §18653-A, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/5%20%C2%A718653-A.