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System who retired before the effective date of this Act may ask | | the retirement system to determine whether inclusion of the wages | | from days off without pay as provided in the Maine Revised | | Statutes, Title 4, section 1201 or Title 5, section 17001, | | subsection 4, paragraph A would increase that member's retirement | | benefit. If it would, the retirement system shall allow the | | retiree to make an election and payments as provided in Title 4, | | section 1306 or Title 5, section 17704-B. A retiree is not | | entitled to retroactive payment of any increase in the benefit | | resulting from inclusion of the days off without pay. |
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| | | Sec. 6. Special retirement rate assessment. Notwithstanding any other | | provision of law, the State Budget Officer shall calculate a special | | retirement rate assessment for all departments and agencies necessary to | | fund the employer's share of the costs of this legislation, estimated to | | be $76,081. The State Budget Officer shall divide the cost by the total | | salaries and wages paid by state departments and agencies during the time | | period from July 1, 2003 to September 30, 2003 and apply that percentage | | as an assessment against all affected accounts so that $76,081 is | | available on October 1, 2003 for payment to the Maine State Retirement | | System. |
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