Sec. 1. 5 MRSA §17105, sub-§3, as repealed and replaced by PL 1993, c. 410, Pt. L, §23, is amended to read:

3. Staff. The executive director shall employ personnel as necessary and in accordance with board policy to transact the business of the system, which may include a general counsel. Additional attorneys may be employed to assist the general counsel with the approval of the Attorney General.__The duties of the general counsel and any assistant counsel must be consistent with the terms of a memorandum of understanding between the executive director and the Attorney General.

SUMMARY

This bill authorizes the Maine State Retirement System to employ a general counsel and, with the approval of the Attorney General, assistant counsel. The bill requires that the Maine State Retirement System's executive director and the Attorney General agree on the duties of any such positions by entering into a memorandum of understanding.