Sec. 1. 5 MRSA §17102, sub-§1, as amended by PL 1997, c. 625, §1, is further amended to read:

1. Composition. The Board of Trustees of the Maine State Retirement System, established by section 12004-F, subsection 9, is composed of 8 9 trustees, as follows:

A. The Treasurer of State or the Deputy Treasurer of State;

B. A person who is a member of the retirement system through employment as a teacher and who is duly elected by the Maine Education Association;

C. A person who is a member of the retirement system through employment as a state employee and who is duly elected by the Maine State Employees' Association;

D. Four Five persons appointed by the Governor and subject to review by the joint standing committee of the Legislature having jurisdiction over retirement matters and to confirmation by the Legislature:

(1) At least 2 of whom must be qualified through training or experience in the field of investments, accounting, banking or insurance or as actuaries;

(2) One of whom must be selected from a list of 3 nominees submitted by the Maine Retired Teachers' Association; and

(3) One of whom must be the recipient of a retirement allowance through the retirement system and be selected from a list or lists of nominees submitted by retired state employees, retired participating local district employees or a committee comprised of representatives of these groups; and

(4)__One of whom must be selected from a list of 3 nominees submitted by the Maine Association of Retirees or its successor organization; and

E. A person who is a member of the retirement system through a participating local district and who must be appointed by the governing body of the Maine Municipal Association.

The names of proposed trustees elected or appointed under paragraphs B, C or E must be submitted to the Legislature by the