Sec. CC-1. 5 MRSA §17001, sub-§23, as enacted by PL 1985, c. 801, §§5 and 7, is amended to read:
23. Normal retirement age. "Normal retirement age" means the specified age, the years of service requirement or any combination of age and years of service requirements at which a member becomes eligible for retirement benefits and at which those benefits may not be reduced under section 17852, subsection 3; section 17852, subsection 4, paragraph C; section 17852, subsection 10, paragraph C; and section 18452, subsection 3.
Sec. CC-2. 5 MRSA §17159, sub-§1, ¶A, as enacted by PL 1995, c. 541, §3, is amended to read:
A. "Early retirement" means retirement before normal retirement age with a reduced retirement benefit as provided by section 17852, subsection 3 or 3-A, subsection 4, paragraph C or C-1 or subsection 10, paragraph C or C-1; section 17857, subsection 3-A; section 18452, subsection 3; or section 18462, subsection 3.
Sec. CC-3. 5 MRSA §17851, sub-§4, as amended by PL 1999, c. 127, Pt. B, §1, is further amended to read:
4. State police. A state police officer or other employee of the Bureau of State Police qualifies for a service retirement benefit if that state police officer or employee:
A. Became a state police officer after July 9, 1943, but before September 16, 1984, and retires after completing 20 years of creditable service as a state police officer, which may include creditable service under section 17760, subsection 1, but may not include creditable service under section 17760, subsection 2; or
B. Except as provided in section 17851-A, became Became a state police officer after September 15, 1984 or a special agent investigator before June 21, 1982 and completed 25 years of creditable service as a state police officer or special agent investigator.
Sec. CC-4. 5 MRSA §17851-A, sub-§1, ¶D, as enacted by PL 1997, c. 769, §11, is repealed.
Sec. CC-5. 5 MRSA §17851-A, sub-§4, ¶B, as repealed and replaced by PL 1999, c. 489, §14 and amended by c. 493, §9, is repealed and the following enacted in its place:
B. Except as provided in paragraph D, if some part of the member's creditable service in any one or a combination of the capacities specified in subsection 1 was earned before July 1, 1998 for employees identified in subsection 1, paragraphs A to H and before January 1, 2000 for employees identified in subsection 1, paragraphs I to K and some part of the member's creditable service in any one or a combination of the capacities specified in subsection 1 was earned after June 30, 1998 for employees identified in subsection 1, paragraphs A to H and after December 31, 1999 for employees identified in subsection 1, paragraphs I to K, then the member's service retirement benefit must be computed in segments and the amount of the member's service retirement benefit is the sum of the segments. The segments must be computed as follows:
(1) The segment or, if the member served in more than one of the capacities specified in subsection 1 and the benefits related to the capacities are not interchangeable under section 17856, segments that reflect creditable service earned before July 1, 1998 for employees identified in subsection 1, paragraphs A to H and before January 1, 2000 for employees identified in subsection 1, paragraphs I to K or purchased by repayment of an earlier refund of accumulated contributions for service before July 1, 1998 for employees identified in subsection 1, paragraphs A to H and before January 1, 2000 for employees identified in subsection 1, paragraphs I to K in a capacity or capacities specified in subsection 1, or purchased by other than the repayment of a refund and eligibility to make the purchase of the service credit, including, but not limited to, service credit for military service, was achieved before July 1, 1998 for employees identified in subsection 1, paragraphs A to H and before January 1, 2000 for employees identified in subsection 1, paragraphs I to K, must be computed under section 17852, subsection 1, paragraph A. If the member is qualified under subsection 2, paragraph B and:
(a) Had 10 years of creditable service on July 1, 1993, the amount of the segment or segments must be reduced as provided in section 17852, subsection 3, paragraphs A and B; or
(b) Had fewer than 10 years of creditable service on July 1, 1993, the amount of the segment or segments must be reduced as provided in section 17852, subsection 3-A; and
(2) The segment that reflects creditable service earned after June 30, 1998 for employees identified in subsection 1, paragraphs A to H and after December 31, 1999 for employees identified in subsection 1, paragraphs I to K or purchased by repayment of an earlier refund of accumulated contributions for service after June 30, 1998 for employees identified in subsection 1, paragraphs A to H and after December 31, 1999 for employees identified in subsection 1, paragraphs I to K in any one or a combination of the capacities specified in subsection 1, or purchased by other than the repayment of a refund and eligibility to make the purchase of the service credit, including, but not limited to, service credit for military service, was achieved after June 30, 1998 for employees identified in subsection 1, paragraphs A to H and after December 31, 1999 for employees identified in subsection 1, paragraphs I to K, must be computed under section 17852, subsection 1, paragraph A. If the member is qualified under subsection 2, paragraph B and:
(a) Had 10 years of creditable service on July 1, 1993, the segment amount must be reduced in the manner provided in section 17852, subsection 3, paragraphs A and B for each year that the member's age precedes 55 years of age; or
(b) Had fewer than 10 years of creditable service on July 1, 1993, the seg-ment amount must be reduced by 6% for each year that the member's age precedes 55 years of age.
Sec. CC-6. 5 MRSA §17851-A, sub-§4, ¶C, as repealed and replaced by PL 1999, c. 489, §14 and amended by c. 493, §9, is repealed.
Sec. CC-7. 5 MRSA §17852, sub-§4, ¶B, as enacted by PL 1985, c. 801, §§5 and 7, is amended to read:
B. For persons qualifying under section 17851, subsection 4, paragraph B, and who retire upon or after reaching the age of 55, the retirement benefit shall must be computed in accordance with subsection 1.
Sec. CC-8. 5 MRSA §17852, sub-§4, ¶C, as amended by PL 1993, c. 410, Pt. L, §38, is repealed.
Sec. CC-9. 5 MRSA §17852, sub-§4, ¶C-1, as repealed and replaced by PL 1993, c. 410, Pt. L, §39, is repealed.
Sec. CC-10. 5 MRSA §17852, sub-§4, ¶C-2, as amended by PL 1995, c. 367, §1, is repealed.
Sec. CC-11. 5 MRSA §17857, sub-§3, ¶¶A, B and D, as amended by PL 1997, c. 769, §19, are further amended to read:
A. If the member transferred under the provisions of subsection 2, paragraph A:
(1) If applicable, the portion of the retirement benefit based upon creditable service earned before being transferred must be reduced in accordance with section 17852, subsection 4, paragraph C or section 17852, subsection 10, paragraph C or, if the member was covered under section 17851-A, the portion of the retirement benefit based upon creditable service earned before being transferred must be reduced as provided in that section; and
(2) The portion of the retirement benefit based upon creditable service earned after being transferred must be reduced in accordance with section 17852, subsection 3.
B. If the member was a retiree restored to service subject to subsection 2, paragraph B:
(1) If applicable, the portion of the retirement benefit based upon creditable service earned before the member's initial retirement must be reduced in accordance with section 17852, subsection 4, paragraph C or section 17852, subsection 10, paragraph C or, if the member was covered under section 17851-A, the portion of the retirement benefit based upon creditable service earned before the member's initial retirement must be reduced as provided in that section; and
(2) The portion of the retirement benefit based upon creditable service earned after being restored to service must be reduced in accordance with section 17852, subsection 3.
D. If the member was transferred subject to subsection 2, paragraph D, and:
(1) If the member completes the service or service and age requirements for retirement under the special plan that the member was under previously, if applicable, the retirement benefit must be reduced in accordance with section 17852, subsection 4, paragraph C or section 17852, subsection 10, paragraph C or, if the member was covered under section 17851-A, the retirement benefit must be reduced as provided in that section; or
(2) If the member does not complete the service or service and age requirements for retirement under the special plan that the member was under previously, the retirement benefit must be reduced in accordance with section 17852, subsection 3.
Sec. CC-12. 5 MRSA §17857, sub-§3-A, ¶¶A, B and D, as amended by PL 1997, c. 769, §19, are further amended to read:
A. If the member transferred under the provisions of subsection 2, paragraph A:
(1) If applicable, the portion of the retirement benefit based upon creditable service earned before being transferred must be reduced in accordance with section 17852, subsection 4, paragraph C-1 or section 17852, subsection 10, paragraph C-1 or, if the member was covered under section 17851-A, the portion of the retirement benefit based upon creditable service earned before being transferred must be reduced as provided in that section; and
(2) The portion of the retirement benefit based upon creditable service earned after being transferred must be reduced in accordance with section 17852, subsection 3-A.
B. If the member was a retiree restored to service subject to subsection 2, paragraph B:
(1) If applicable, the portion of the retirement benefit based upon creditable service earned before the member's initial retirement must be reduced in accordance with section 17852, subsection 4, paragraph C-1 or section 17852, subsection 10, paragraph C-1 or, if the member was covered under section 17851-A, the portion of the retirement benefit based upon creditable service earned before the member's initial retirement must be reduced as provided in that section; and
(2) The portion of the retirement benefit based upon creditable service earned after being restored to service must be reduced in accordance with section 17852, subsection 3-A.
D. If the member was transferred subject to subsection 2, paragraph D and:
(1) If the member completes the service or service and age requirements for retirement under the special plan that the member was under previously, if applicable, the retirement benefit must be reduced in accordance with section 17852, subsection 4, paragraph C-1 or section 17852, subsection 10, paragraph C-1 or, if the member was covered under section 17851-A, the retirement benefit must be reduced as provided in that section; or
(2) If the member does not complete the service or service and age requirements for retirement under the special plan that the member was under previously, the retirement benefit must be reduced in accordance with section 17852, subsection 3-A.
Sec. CC-13. Effect on state police officers who previously elected to self-fund an early retirement option. The Maine State Retirement System shall refund the additional amount paid above the normal contribution rate plus interest on that amount from the date of payment to a person who is employed as a state police officer on the effective date of this Act and who elected to pay the full actuarial costs of retirement before age 55 under the Maine Revised Statutes, Title 5, section 17852, subsection 4, paragraph C-2 before it was repealed by this Act by paying an increased employee contribution to the Maine State Retirement System. The employee contribution rate from the effective date of this Act for a member who previously made the election under Title 5, section 17852, subsection 4, paragraph C-2 is as provided in Title 5, section 17708-B.
Sec. CC-14. Expenditures in excess of allocations. Expenditures of funds required by this Part other than the General Fund and the Highway Fund are authorized to exceed legislative allocations during the fiscal year ending June 30, 2001. Appropriate adjustments to basic work programs facilitating these expenditures in excess of allocations must be recommended by the State Budget Officer and approved by the Governor.
Sec. CC-15. Adjustment of rates. After consultation with the Maine State Retirement System, the State Budget Officer shall adjust the normal cost component of the employer contribution rates on the effective date of this Part to fully fund this Part on an actuarially sound basis. In addition, the State Budget Officer shall assess the accounts in other funds for their share of the unfunded liability costs based on total salaries in those accounts in fiscal year 2000-01.
Sec. CC-16. Appropriation. The following funds are appropriated from the General Fund to carry out the purposes of this Part.
2000-01
MAINE STATE RETIREMENT SYSTEM
Retirement Allowance Fund
All Other $2,740,880
Provides funds for the unfunded liability costs of the General Fund, the Highway Fund and other funds related to the establishment of a new special retirement plan for state police officers hired after September 15, 1984 and special agent investigators hired before June 21, 1982 that enables them to retire after 25 years of service in such a capacity, regardless of age.
MAINE STATE RETIREMENT SYSTEM __________
TOTAL $2,740,880
ADMINISTRATIVE AND FINANCIAL SERVICES, DEPARTMENT OF
Salary Plan
Personal Services $124,475
Provides funds to be held in reserve in the event that costs associated with the increase in the normal cost component of the employer contribution rate for retirement costs of the General Fund and, in fiscal year 2000-01 only, the Highway Fund related to the establishment of a new special retirement plan for state police officers hired after September 15, 1984 and special agent investigators hired before June 21, 1982 that enables them to retire after 25 years of service in such a capacity, regardless of age exceed the amounts available for the Department of Public Safety. Because the normal cost component of the employer contribution rate for state employees is actuarially established based on projected salaries as a rate that must be applied to actual salaries, the funds resulting from the application of the actuarially established rate constitute appropriated funds. The funds here specified constitute estimates and not appropriated funds.
DEPARTMENT OF ADMINISTRATIVE AND FINANCIAL SERVICES ________
TOTAL $124,475__________
TOTAL APPROPRIATIONS $2,865,355
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