LD 1810
pg. 2
Page 1 of 2 An Act To Amend the Laws Concerning Optional Membership for Participating Local... LD 1810 Title Page
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LR 2559
Item 1

 
SUMMARY

 
This bill amends the laws concerning optional membership for
participating local districts in the Maine State Retirement
System to parallel changes made for state employees in the system
in Public Law 2003, chapter 261. This bill allows service credit
to be purchased for the period during which an individual in the
service of a participating local district opted not to be a
member of the Maine State Retirement System if that individual
rejoins the system. The bill also provides that when an employee
in the service of a participating local district who terminated
membership in the Maine State Retirement System subsequently
rejoins, that employee may repay those withdrawn contributions
plus interest immediately upon restoration of service.


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