LD 1509
pg. 1
LD 1509 Title Page An Act to Clarify and Make Technical Corrections to Retirement Laws Page 2 of 2
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LR 1461
Item 1

 
Be it enacted by the People of the State of Maine as follows:

 
Sec. 1. 5 MRSA §17001, sub-§23, as amended by PL 1999, c. 731, Pt. CC,
§1, is further amended to read:

 
23. Normal retirement age. "Normal retirement age" means the
specified age, the years of service requirement or any
combination of age and years of service requirements at which a
member becomes eligible for retirement benefits and at which
those benefits may not be reduced under section 17852, subsection
3 or 3-A; section 17852, subsection 10, paragraph C; and section
18452, subsection 3.

 
Sec. 2. 5 MRSA §17708, sub-§1, ¶¶B and C, as enacted by PL 1985, c. 801,
§§5 and 7, are amended to read:

 
B. The Chief of the State Police; or

 
C. A member of the State Police or Chief of the State
Police who is appointed Commissioner of Public Safety.; or

 
Sec. 3. 5 MRSA §17708, sub-§1, ¶D is enacted to read:

 
D.__A special agent investigator in the Bureau of State
Police who is hired before June 21, 1982.

 
Sec. 4. 5 MRSA §17804, sub-§5-E, as enacted by PL 1999, c. 744, §8 and
affected by §17, is amended to read:

 
5-E. Option 8. The qualifying member may elect to have a
reduced retirement benefit payable to the qualifying member while
alive and at the qualifying member's death to have some benefit
other than that available under subsection 3 or 4 payable to the
beneficiary, who must be the sole beneficiary, that the member
has designated, if the beneficiary survives the qualifying
member. The total value of the benefit paid to the qualifying
member plus the benefit paid after the qualifying member's death
is the actuarial equivalent of the benefit that the qualifying
member would have received without optional modification. If the
qualifying member's beneficiary predeceases the qualifying
member, the qualifying member's benefit must be changed,
effective the first day of the month following the date of the
beneficiary's death, to be the actuarial equivalent of the
benefit that the qualifying member would have received without
optional modification. The reduced retirement benefit must be
actuarially calculated to reflect the fact that the benefit may
be changed to the larger amount should the beneficiary predecease
the member.


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