Sec. 1. 3 MRSA §851, sub-§§1 and 1-A, as amended by PL 1993, c. 410, Pt. L, §3-A, are repealed.

Sec. 2. 3 MRSA §851, sub-§§1-B and 1-C are enacted to read:

1-B.__At least 10 years of creditable service or 60 years of age on July 1, 1993.__A member who on July 1, 1993, whether or not in service on that date, had 10 years of creditable service or who on July 1, 1993 had reached 60 years of age and was then in service may retire at 60 years of age or thereafter, whether or not the member is in service at retirement.__Creditable service as a member of the Maine State Retirement System may be combined with creditable service as a member of the Maine Legislative Retirement System for the purpose of determining the completion of 10 years of creditable service.

1-C.__Less than 10 years of creditable service on July 1, 1993.__A member who on July 1, 1993 had less than 10 years of creditable service and who was in service on October 1, 1999; who had left service prior to October 1, 1999 with or without withdrawing contributions and on or after October 1, 1999 returned to service; or who first enters service on or after October 1, 1999 may retire at 62 years of age or thereafter, whether or not the member is in service at retirement, as long as the member has at the time of retirement at least 5 years of creditable service.__Creditable service as a member of the Maine State Retirement System may be combined with creditable service as a member of the Maine Legislative Retirement System for the purpose of determining the completion of 5 years of creditable service.

Sec. 3. 3 MRSA §851, sub-§§2 and 2-A, as corrected by RR 1999, c. 1, §1, are amended to read:

2. Early retirement; 10 years of creditable service on July 1, 1993. Any member whether or not in service at retirement who on July 1, 1993 had at least 10 years of creditable service and who has completed at least 25 years of creditable service, may retire any time before the member's 60th birthday. Creditable service as a member of the Maine State Retirement System after service may be combined with creditable service as a member of the Maine Legislative Retirement System is used in for the purpose of determining the completion of 25 years of creditable service. The retirement allowance is determined in accordance with section 852, except that it is reduced by multiplying the retirement allowance by a fraction that represents the ratio of the amount of a life annuity due at age 60 years to the amount of a life annuity due at the age of retirement. The tables of