Maine Statutes

§ 5 §894 — Liability limited

Maine·Title 5 ADMINISTRATIVE PROCEDURES AND SERVICES·Part 2 CIVIL SERVICE·Ch. 68 INDIVIDUAL RETIREMENT ACCOUNT AND SIMPLIFIED EMPLOYEE PENSION PLANS FOR PUBLIC EMPLOYEES
The State, any county, municipality or other political subdivision which transfers employee compensation to an individual retirement account shall have no liability for the funds once a proper transfer has been made.

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Legislative History

PL 1983, c. 791, §2 (NEW).

Nearby Sections

15
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