LD 2431
pg. 5
Page 4 of 5 An Act to Change the Retirement Eligibility Requirements for Certain Employees ... LD 2431 Title Page
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LR 3853
Item 1

 
D.__The service retirement benefit of a member who is a Maine
State Prison employee to whom subsection 1, paragraph E
applies, and who qualifies for service retirement benefits
under subsection 2, paragraph B, must be computed under
section 17852, subsection 1, paragraph A on the basis of all
of the member's creditable service in the capacity specified
in subsection 1, paragraph E regardless of whether the
creditable service was earned before, on or after July 1,
1998, except that:

 
(1)__If the member had 10 years of service on July 1,
1993, the benefit must be reduced as provided in
section 17852, subsection 10, paragraph C,
subparagraphs (1) and (2); or

 
(2)__If the member had fewer than 10 years of
creditable service on July 1, 1993, the benefit must be
reduced as provided in section 17852, subsection 10,
paragraph C-1.

 
Sec. 5. 5 MRSA §17851-A, sub-§5, as amended by PL 1999, c. 493, §9, is
further amended to read:

 
5. Contributions. Notwithstanding any other provision of
subchapter III, after June 30, 1998, for employees identified in
subsection 1, paragraphs A to H, and after December 31, 1999, for
employees identified in subsection 1, paragraphs I to K and after
July 31, 2000 for employees identified in subsection 1, paragraph
L, a member in the capacities specified in subsection 1 must
contribute to the retirement system or have pick-up contributions
made at the rate of 8.65% of earnable compensation until the
member has completed 25 years of creditable service as provided
in this section and at the rate of 7.65% thereafter.

 
SUMMARY

 
This bill provides that an oil and hazardous waste materials
worker in the Department of Environmental Protection qualifies
for a service retirement benefit if that worker is at least 55
years of age and has completed at least 10 years of creditable
service under the 1998 Special Plan of the Maine State Retirement
System or has completed at least 25 years of creditable service.


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