LD 2614
pg. 3
Page 2 of 10 An Act to Establish Consistent Requirements in Maine State Retirement System Pl... Page 4 of 10
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LR 3968
Item 1

 
1. Age 60; at least 10 years of creditable service on July 1,
1993. Any member who on July 1, 1993 had at least 10 years of
creditable service may retire on or after the member's 60th
birthday if the member has at least 10 years of creditable
service. This subsection applies to members who, on July 1,
1993, have 10 years of creditable service.

 
Sec. 6. 4 MRSA §1351, sub-§1-A, as amended by PL 1993, c. 410, Pt. L,
§6, is further amended to read:

 
1-A. Age 62; less than 10 years of creditable service on July
1, 1993. Any member who on July 1, 1993 had less than 10 years
of creditable service may retire on or after the member's 62nd
birthday if the member has at least 10 years of creditable
service. This subsection applies to members who, on July 1,
1993, do not have 10 years of creditable service.:

 
A.__The member has at least 10 years of creditable service;
or

 
B.__Effective October 1, 1999, the member has at least 5
years of creditable service and:

 
(1)__Was in service on October 1, 1999;

 
(2)__Had left service prior to October 1, 1999 with or
without withdrawing contributions and on or after
October 1, 1999 returned to service; or

 
(3)__Was first in service on or after October 1, 1999.

 
Sec. 7. 4 MRSA §1351, sub-§2-A is enacted to read:

 
2-A.__Five-year minimum creditable service requirement for
eligibility to receive a service retirement benefit at applicable
age; applicability.__The minimum requirement of 5 years of
creditable service for eligibility to receive service retirement
benefits under subsection 1-A applies only to:

 
A.__A member who was in service on October 1, 1999;

 
B.__Upon return to service, a member who had left service
prior to October 1, 1999 with or without withdrawing that
member's contributions and on or after October 1, 1999
returned to service; or

 
C.__A member who was first in service on or after October 1,
1999.


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