Maine Statutes
§ 5 §18663 — Withdrawal of local districts
Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 20 STATE RETIREMENT SYSTEM·Ch. 425 PARTICIPATING LOCAL DISTRICTS
Any local district participating in the group life insurance program under this subchapter may withdraw from further participation by filing with the board a duly certified copy of the results of the vote of the body that would be entitled to approve participation in the Participating Local District Retirement Program under section 18201. This certification must include certification to the board that equivalent coverage has been provided.
1.Continuous coverage.
In order to provide continuous coverage, withdrawal of a local district under this section is not effective until equivalent coverage is made available to current active and retired employees of the district.
2.Effective date.
Withdrawal is effective on the last day of the last full pay period before the end of the month followin
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Maine § 5 §18663 (Withdrawal of local districts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
PL 1985, c. 801, §§5,7 (NEW). PL 2007, c. 491, §250 (AMD).
Nearby Sections
15
§ 5 §1860
Review of appeal§ 5 §18601
Definitions§ 5 §18602
Qualification for benefit§ 5 §18603
Computation of benefit§ 5 §18604
Method of payment§ 5 §18605
Adjustment of benefits§ 5 §18606
Termination of benefits§ 5 §18607
Benefits in lieu of article 4§ 5 §1861
Protection of information files§ 5 §18651
Authorization§ 5 §18652
Nature of policy§ 5 §18653
Rules§ 5 §18653-A
Funds§ 5 §18654
Administration§ 5 §18655
Participation