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identified in subsection 1, paragraphs I to K; after June 30, 2005 | | for employees identified in subsection 1, paragraph K-1; after | | December 31, 2001 for employees identified in subsection 1, | | paragraph L; and after June 30, 2002 for employees identified in | | subsection 1, paragraph M, a member in the capacities specified in | | subsection 1 must contribute to the retirement system or have pick- | | up contributions made at the rate of 8.65% of earnable compensation | | until the member has completed 25 years of creditable service as | | provided in this section and at the rate of 7.65% thereafter. |
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| | | Sec. 5. Transition. Notwithstanding the Maine Revised Statutes, | | Title 5, section 17851-A, subsection 1, paragraph K-1, a person | | hired by the Office of the Attorney General or Department of the | | Secretary of State prior to the effective date of this Act may | | elect to participate in the 1998 Special Plan of the Maine State | | Retirement System, as long as the election is made not later than | | 180 days after the effective date of this Act. |
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| | | This bill allows investigators in the Office of the Attorney | | General or Department of the Secretary of State to elect to | | participate in the 1998 Special Plan of the Maine State | | Retirement System. Under that plan, a person may retire at 55 | | years of age with 10 years of creditable service, or may retire | | before 55 years of age with 25 years of creditable service and a | | reduced benefit. |
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