Sec. 1. 5 MRSA §17906, sub-§1, as enacted by PL 1985, c. 801, §§5 and 7, is amended to read:

1. Compensation in excess of $15,000. If, in any year, the compensation received from engaging in any gainful occupation by a beneficiary of a disability retirement benefit exceeds $10,000 $15,000:

A. The excess shall must be deducted from the disability or service retirement benefits during the next calendar year, the deductions to be prorated on a monthly basis in an equitable manner prescribed by the board over the year or part of the year for which the benefits are received; and

B. The beneficiary shall reimburse the retirement system for any excess payments not deducted under paragraph A.

SUMMARY

This bill increases from $10,000 to $15,000 the limit on compensation that may be earned by the beneficiary of a disability retirement benefit under the Maine State Retirement System.