| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 5 MRSA §17760, sub-§2, ¶D, as enacted by PL 1985, c. 801, §§5 | | and 7, is amended to read: |
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| | D. Except as provided in paragraph E, the The member must | | have begun membership before January 1, 1976. |
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| | | Sec. 2. 5 MRSA §17760, sub-§2, ¶E, as amended by PL 2001, c. 114, §2, | | is repealed. |
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| | | Sec. 3. 5 MRSA §17760, sub-§2, ¶G, as enacted by PL 2001, c. 114, §3, | | is amended to read: |
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| | | G. A member who fails to meet one or more of the terms | and conditions required under paragraphs A, and D and E | | may purchase service credit as provided in this paragraph. | | The member must have at least 5 years of creditable | | service and, before any retirement benefit becomes | | effective for that member, must pay into the Members' | | Contribution Fund, by a single direct payment or annual | | direct payments to the retirement system, an amount that, | | together with regular interest on that amount, is the | | actuarial equivalent, at the effective date of the | | retirement benefit, of the portion of the retirement | | benefit based on the additional creditable service. | | Annual direct payments must be made in accordance with | | section 17701, subsection 4. Any member who purchases | | service credit under this paragraph who subsequently, | | without inclusion of the purchased service credit and | | prior to retirement, meets the terms and conditions of | paragraphs A, and D and E is entitled to purchase the | | service credit under section 17713, subsection 2 and to | | receive a refund of the amount paid under this paragraph | | that exceeds the cost to purchase the service credit under | | section 17713. |
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| | | Sec. 4. 5 MRSA §18360, sub-§2, ¶D, as enacted by PL 1985, c. 801, §§5 | | and 7, is amended to read: |
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| | D. Except as provided in paragraph E, the The member must | | have begun membership before January 1, 1976. |
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| | | Sec. 5. 5 MRSA §18360, sub-§2, ¶E, as amended by PL 2001, c. 114, §5, | | is repealed. |
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| | | Sec. 6. 5 MRSA §18360, sub-§2, ¶F, as enacted by PL 1985, c. 801, §§5 | | and 7, is amended to read: |
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| | F. Except for members qualifying under paragraph E, this | | This subsection: |
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