LD 2614
pg. 5
Page 4 of 10 An Act to Establish Consistent Requirements in Maine State Retirement System Pl... Page 6 of 10
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LR 3968
Item 1

 
1-B. Member in service at retirement; 10 years of creditable
service on July 1, 1993. A member who on July 1, 1993, had 10
years of creditable service and who is in service at retirement,
or a member who on July 1, 1993 had reached 60 years of age and
had been in service for a minimum of one year immediately before
July 1, 1993 and has been in service for a minimum of one year
immediately before retirement, qualifies for a service retirement
benefit if the member retires upon or after reaching 60 years of
age. The For the purpose of determining completion of the 10-
year requirement, the 10 years of creditable service may include
creditable service as a member of the Maine Legislative
Retirement System under Title 3, section 701, subsection 8 before
becoming a member of the retirement system.

 
A. Effective October 1, 1999, the creditable service and
age requirements of this subsection may not be increased for
a member who on or before October 1, 1999 met either of the
requirements for eligibility for service retirement benefits
under this subsection, whether or not the member is in
service on October 1, 1999.

 
B. For the purpose of calculating creditable service under
this subsection only, creditable service includes time
during which a member participated in the voluntary cost
savings plan or the voluntary employee incentive program,
authorized by Public Law 1989, chapter 702, Part F, section
6 and Public Law 1991, chapter 591, Part BB and chapter 780,
Part VV, or 10 years of combined creditable service under
this Part and Title 3, chapter 29, or creditable service
available to a member that the member was eligible to
purchase on June 30, 1993 and that the member does purchase
in accordance with rules adopted by the board.

 
Sec. 11. 5 MRSA §17851, sub-§1-C, ¶¶A and B, as enacted by PL 1999, c.
489, §7, are amended to read:

 
A. Has been in service for a minimum of one year
immediately before retirement or has at least 10 years of
creditable service, which, for the purpose of determining
completion of the 10-year requirement, may include
creditable service as a member of the Maine Legislative
Retirement System under Title 3, section 701, subsection 8,
before becoming a member of the retirement system; or

 
B. Effective October 1, 1999, is in service on October 1,
1999 and had fewer than 10 years of creditable service on
July 1, 1993, including any person who was not in service on
July 1, 1993, and:


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