Maine Statutes

§ 5 §892 — Individual retirement and pension plans

Maine § 5 §892
JurisdictionMaine
Title 5ADMINISTRATIVE PROCEDURES AND SERVICES
Part 2CIVIL SERVICE
Ch. 68INDIVIDUAL RETIREMENT ACCOUNT AND SIMPLIFIED EMPLOYEE PENSION PLANS FOR PUBLIC EMPLOYEES

This text of Maine § 5 §892 (Individual retirement and pension plans) 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 §892 (2026).

Text

The State or any county, municipality or other political subdivision may enter into an agreement with an employee under which all or a portion of that employee's compensation may be transferred into an individual retirement account or simplified employee pension plan in accordance with the United States Internal Revenue Code of 1954, as amended. The State or any county, municipality or other political subdivision may make payroll deductions for individual retirement accounts or simplified employee pension plans from a financial institution as defined in Title 9-B, section 131, subsection 17-A, or any insurance company or investment company licensed to contract business in this State.

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Legislative History

PL 1983, c. 791, §2 (NEW).

Nearby Sections

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Bluebook (online)
Maine § 5 §892, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/5%20%C2%A7892.