|
that time to which the refund relates was served after | June 30, 1998 for employees identified in subsection 1, | paragraphs A to H and after December 31, 1999 for | employees identified in subsection 1, paragraphs I to K, | in any one or a combination of the capacities specified | in subsection 1. Service credit may be purchased for | service by an employee identified in subsection 1, | paragraph L or M regardless of when performed; and |
|
| (2) Service credit purchased other than as provided | under subparagraph (1), including but not limited to | service credit for military service, is not included. |
|
| | Sec. 6. 5 MRSA §17851-A, sub-§3, ¶A, as amended by PL 2001, c. 439, Pt. | GGGG, §7 and affected by §18, is further amended to read: |
|
| A. For the purpose of meeting the qualification requirement | of subsection 2, paragraph A: |
|
| (1) Service credit purchased by repayment of an | earlier refund of accumulated contributions following | termination of service is included only to the extent | that time to which the refund relates was served after | June 30, 1998 for employees identified in subsection 1, | paragraphs C to H and after December 31, 1999 for | employees identified in subsection 1, paragraphs I to | K, in any one or a combination of the capacities | specified in subsection 1. Service credit may be | purchased for service by an employee identified in | subsection 1, paragraph L or M regardless of when | performed; and |
|
| (2) Service credit purchased other than as provided | under subparagraph (1), including but not limited to | service credit for military service, is not included. |
|
| | Sec. 7. 5 MRSA §17851-A, sub-§4, ¶A, as repealed and replaced by PL | 2001, c. 409, §5, is amended to read: |
|
| A. If all of the member's creditable service in any one or a | combination of the capacities specified in subsection 1 was | earned after June 30, 1998 for employees identified in subsection | 1, paragraphs A to H; after December 31, 1999 for employees | identified in subsection 1, paragraphs I to K; and after December | 31, 2001 for employees identified in subsection 1, paragraph L or | M; if service credit was purchased by repayment of an earlier | refund of accumulated contributions for service in any one or a | combination of the capacities specified in subsection 1 after | June 30, 1998 for |
|
| employees identified in subsection 1, paragraphs A to H; | after December 31, 1999 for employees identified in | subsection 1, paragraphs I to K; and after December 31, 2001 | for employees identified in subsection 1, paragraph L or M; | or if service credit was purchased by other than the | repayment of an earlier refund and eligibility to make the | purchase of the service credit, including, but not limited | to, service credit for military service, was achieved after | June 30, 1998 for employees identified in subsection 1, | paragraphs A to H; after December 31, 1999 for employees | identified in subsection 1, paragraphs I to K; after | December 31, 2001 for employees identified in subsection 1, | paragraph L or M, the benefit must be computed as provided | in section 17852, subsection 1, paragraph A. |
|
| (1) If the member had 10 years of creditable service | on July 1, 1993, the benefit under subsection 2, | paragraph B must be reduced as provided in section | 17852, subsection 3, paragraphs A and B. |
|
| (2) If the member had fewer than 10 years of | creditable service on July 1, 1993, the benefit under | subsection 2, paragraph B must be reduced by 6% for | each year that the member's age precedes 55 years of | age. |
|
| | Sec. 8. 5 MRSA §17851-A, sub-§4, ¶A, as repealed and replaced by PL | 2001, c. 439, Pt. GGGG, §8 and affected by §18, is amended to | read: |
|
| A. If all of the member's creditable service in any one or a | combination of the capacities specified in subsection 1 was | earned after June 30, 1998 for employees identified in subsection | 1, paragraphs C to H and; after December 31, 1999 for employees | identified in subsection 1, paragraphs I to K; and after December | 31, 2001 for employees identified in subsection 1, paragraph L or | M or if service credit was purchased by repayment of an earlier | refund of accumulated contributions for service after June 30, | 1998 for employees identified in subsection 1, paragraphs C to H | and; after December 31, 1999 for employees identified in | subsection 1, paragraphs I to K; and after December 31, 2001 for | employees identified in subsection 1, paragraph L or M, in any | one or a combination of the capacities specified in subsection 1, | or if service credit was purchased by other than the repayment of | an earlier refund and eligibility to make the purchase of the | service credit, including but not limited to service credit for | military service, was achieved after June 30, 1998 for employees | identified in subsection 1, paragraphs C to H and; after December | 31, 1999 for employees identified in subsection 1, paragraphs I | to K; and after |
|
| December 31, 2001 for employees identified in subsection 1, | paragraph L or M, the benefit must be computed as provided | in section 17852, subsection 1. If the member had 10 years | of creditable service on July 1, 1993, the benefit must be | reduced as provided in section 17852, subsection 3, | paragraphs A and B, and if the member had fewer than 10 | years of creditable service on July 1, 1993, the benefit | must be reduced by 6% for each year that the member's age | precedes age 55. |
|
| | Sec. 9. 5 MRSA §17851-A, sub-§4, ¶B, as repealed and replaced by PL | 2001, c. 409, §5, is amended to read: |
|
| B. Except as provided in paragraphs D and E, if some part | of the member's creditable service in any one or a | combination of the capacities specified in subsection 1 was | earned before July 1, 1998 for employees identified in | subsection 1, paragraphs A to H, before January 1, 2000 for | employees identified in subsection 1, paragraphs I to K and | before January 1, 2002 for employees identified in | subsection 1, paragraph L or M and some part of the member's | creditable service in any one or a combination of the | capacities specified in subsection 1 was earned after June | 30, 1998 for employees identified in subsection 1, | paragraphs A to H, after December 31, 1999 for employees | identified in subsection 1, paragraphs I to K and after | December 31, 2001 for employees identified in subsection 1, | paragraph L or M, then the member's service retirement | benefit must be computed in segments and the amount of the | member's service retirement benefit is the sum of the | segments. The segments must be computed as follows: |
|
| (1) The segment or, if the member served in more than one of the | capacities specified in subsection 1 and the benefits related to | the capacities are not interchangeable under section 17856, | segments that reflect creditable service earned before July 1, | 1998 for employees identified in subsection 1, paragraphs A to H, | before January 1, 2000 for employees identified in subsection 1, | paragraphs I to K and before January 1, 2002 for employees | identified in subsection 1, paragraph L or M or purchased by | repayment of an earlier refund of accumulated contributions for | service before July 1, 1998, for employees identified in | subsection 1, paragraphs A to H, before January 1, 2000 for | employees identified in subsection 1, paragraphs I to K and | before January 1, 2002 for employees identified in subsection 1, | paragraph L or M in a capacity or capacities specified in | subsection 1 or purchased by other than the repayment of a refund | and |
|
| eligibility to make the purchase of the service credit, | including, but not limited to, service credit for | military service, was achieved before July 1, 1998 for | employees identified in subsection 1, paragraphs A to | H, before January 1, 2000 for employees identified in | subsection 1, paragraphs I to K and before January 1, | 2002 for employees identified in subsection 1, | paragraph L or M, must be computed under section 17852, | subsection 1, paragraph A. If the member is qualified | under subsection 2, paragraph B and: |
|
| (a) Had 10 years of creditable service on July 1, | 1993, the amount of the segment or segments must | be reduced as provided in section 17852, | subsection 3, paragraphs A and B; or |
|
| (b) Had fewer than 10 years of creditable service | on July 1, 1993, the amount of the segment or | segments must be reduced as provided in section | 17852, subsection 3-A; and |
|
| (2) The segment that reflects creditable service | earned after June 30, 1998 for employees identified in | subsection 1, paragraphs A to H, after December 31, | 1999 for employees identified in subsection 1, | paragraphs I to K and after December 31, 2001 for | employees identified in subsection 1, paragraph L or M | or purchased by repayment of an earlier refund of | accumulated contributions for service after June 30, | 1998 for employees identified in subsection 1, | paragraphs A to H, after December 31, 1999 for | employees identified in subsection 1, paragraphs I to K | and after December 31, 2001 for employees identified in | subsection 1, paragraph L or M in any one or a | combination of the capacities specified in subsection | 1, or purchased by other than the repayment of a refund | and eligibility to make the purchase of the service | credit, including, but not limited to, service credit | for military service, was achieved after June 30, 1998 | for employees identified in subsection 1, paragraphs A | to H, after December 31, 1999 for employees identified | in subsection 1, paragraphs I to K and after December | 31, 2001 for employees identified in subsection 1, | paragraph L or M must be computed under section 17852, | subsection 1, paragraph A. If the member is qualified | under subsection 2, paragraph B and: |
|
| (a) Had 10 years of creditable service on July 1, 1993, the | segment amount must be reduced in the manner provided in section | 17852, subsection 3, |
|
| paragraphs A and B for each year that the member's | age precedes 55 years of age; or |
|
| (b) Had fewer than 10 years of creditable service | on July 1, 1993, the segment amount must be | reduced by 6% for each year that the member's age | precedes 55 years of age. |
|
| | Sec. 10. 5 MRSA §17851-A, sub-§4, ¶B, as amended by PL 2001, c. 439, | Pt. GGGG, §9 and affected by §18, is further amended to read: |
|
| B. Except as provided in paragraph D, if some part of the | member's creditable service in any one or a combination of | the capacities specified in subsection 1 was earned before | July 1, 1998 for employees identified in subsection 1, | paragraphs C to H and before January 1, 2000 for employees | identified in subsection 1, paragraphs I to K and some part | of the member's creditable service in any one or a | combination of the capacities specified in subsection 1 was | earned after June 30, 1998 for employees identified in | subsection 1, paragraphs C to H and; after December 31, 1999 | for employees identified in subsection 1, paragraphs I to K; | and before January 1, 2002 for employees specified in | subsection 1, paragraph L or M, then the member's service | retirement benefit must be computed in segments and the | amount of the member's service retirement benefit is the sum | of the segments. The segments must be computed as follows: |
|
| (1) The segment or, if the member served in more than one of the | capacities specified in subsection 1 and the benefits related to | the capacities are not interchangeable under section 17856, | segments that reflect creditable service earned before July 1, | 1998 for employees identified in subsection 1, paragraphs C to H | and; before January 1, 2000 for employees identified in | subsection 1, paragraphs I to K; and before January 1, 2002 for | employees specified in subsection 1, paragraph L or M or | purchased by repayment of an earlier refund of accumulated | contributions for service before July 1, 1998 for employees | identified in subsection 1, paragraphs C to H and; before January | 1, 2000 for employees identified in subsection 1, paragraphs I to | K; and before January 1, 2002 for employees specified in | subsection 1, paragraph L or M in a capacity or capacities | specified in subsection 1, or purchased by other than the | repayment of a refund and eligibility to make the purchase of the | service credit, including, but not limited to, service credit for | military service, was achieved before July 1, 1998 for employees | identified in subsection 1, paragraphs C to H and; before January | 1, 2000 for |
|
| employees identified in subsection 1, paragraphs I to | K; and before January 1, 2002 for employees identified | in subsection 1, paragraph L or M, must be computed | under section 17852, subsection 1, paragraph A. If the | member is qualified under subsection 2, paragraph B | and: |
|
| (a) Had 10 years of creditable service on July 1, | 1993, the amount of the segment or segments must | be reduced as provided in section 17852, | subsection 3, paragraphs A and B; or |
|
| (b) Had fewer than 10 years of creditable service | on July 1, 1993, the amount of the segment or | segments must be reduced as provided in section | 17852, subsection 3-A; and |
|
| (2) The segment that reflects creditable service | earned after June 30, 1998 for employees identified in | subsection 1, paragraphs C to H and; after December 31, | 1999 for employees identified in subsection 1, | paragraphs I to K; and before January 1, 2002 for | employees identified in subsection 1, paragraph L or M | or purchased by repayment of an earlier refund of | accumulated contributions for service after June 30, | 1998 for employees identified in subsection 1, | paragraphs C to H and; after December 31, 1999 for | employees identified in subsection 1, paragraphs I to | K; and before January 1, 2002 for employees identified | in subsection 1, paragraph L or M in any one or a | combination of the capacities specified in subsection | 1, or purchased by other than the repayment of a refund | and eligibility to make the purchase of the service | credit, including, but not limited to, service credit | for military service, was achieved after June 30, 1998 | for employees identified in subsection 1, paragraphs C | to H and; after December 31, 1999 for employees | identified in subsection 1, paragraphs I to K; and | before January 1, 2002 for employees identified in | subsection 1, paragraph L or M, must be computed under | section 17852, subsection 1, paragraph A. If the | member is qualified under subsection 2, paragraph B | and: |
|
| (a) Had 10 years of creditable service on July 1, | 1993, the segment amount must be reduced in the | manner provided in section 17852, subsection 3, | paragraphs A and B for each year that the member's | age precedes 55 years of age; or |
|
| (b) Had fewer than 10 years of creditable service on July 1, | 1993, the segment amount must be |
|
| reduced by 6% for each year that the member's age | precedes 55 years of age. |
|
| | Sec. 11. 5 MRSA §17851-A, sub-§4, ¶E, as enacted by PL 2001, c. 409, | §5, is amended to read: |
|
| E. The service retirement benefit of a member to whom | subsection 1, paragraph L or M applies and who qualifies for | service retirement benefits under subsection 2 must be | computed under section 17852, subsection 1, paragraph A on | the basis of all of the member's creditable service in the | capacity specified in subsection 1, paragraph L or M, | regardless of when that creditable service was earned, | except that for a member qualifying under subsection 2, | paragraph B: |
|
| (1) If the member had 10 years of service on July 1, | 1993, the benefit must be reduced as provided in | section 17852, subsection 3, paragraphs A and B for | each year the member's age precedes 55 years of age; or |
|
| (2) If the member had fewer than 10 years of | creditable service on July 1, 1993, the benefit must be | reduced by 6% for each year that the member's age | precedes 55 years of age. |
|
| | Sec. 12. 5 MRSA §17851-A, sub-§5, as amended by PL 2001, c. 409, §6, | is further amended to read: |
|
| | 5. Contributions. Notwithstanding any other provision of | subchapter III, after June 30, 1998 for employees identified in | subsection 1, paragraphs A to H, after December 31, 1999 for | employees identified in subsection 1, paragraphs I to K and after | December 31, 2001 for employees identified in subsection 1, | paragraph L or M, a member in the capacities specified in | subsection 1 must contribute to the retirement system or have | pick-up contributions made at the rate of 8.65% of earnable | compensation until the member has completed 25 years of | creditable service as provided in this section and at the rate of | 7.65% thereafter. |
|
| | Sec. 13. 5 MRSA §17851-A, sub-§5, as amended by PL 2001, c. 439, Pt. | GGGG, §10 and affected by §18, is further amended to read: |
|
| | 5. Contributions. Notwithstanding any other provision of | subchapter III, after June 30, 1998 for employees identified in | subsection 1, paragraphs C to H, after December 31, 1999 for | employees identified in subsection 1, paragraphs I to K and after | December 31, 2001 for employees identified in subsection 1, | paragraph L or M, a member in the capacities specified in |
|
| subsection 1 must contribute to the retirement system or have | pick-up contributions made at the rate of 8.65% of earnable | compensation until the member has completed 25 years of | creditable service as provided in this section and at the rate of | 7.65% thereafter. |
|
| | Sec. 14. Time limit for switching retirement plans. A capital security | officer in the employment of the Department of Public Safety, | Bureau of Capital Security on January 1, 2002 shall decide within | 90 days whether to transfer to the Maine State Retirement System | 1998 Special Plan established in the Maine Revised Statutes, | Title 5, section 17851-A or to remain in the retirement plan to | which that employee has been contributing. An employee who fails | to make a choice within the 90 days must remain in that | employee's plan and is prohibited from transferring at a later | date to the 1998 Special Plan. |
|
| | This bill includes capital security officers in the Maine | State Retirement System 1998 Special Plan beginning January 1, | 2002. A capital security officer eligible to transfer to the | 1998 Special Plan who has been contributing to another retirement | plan is required to decide whether to transfer within 90 days of | the effective date of eligibility in the 1998 Special Plan. |
|
|