CHAPTER 273
H.P. 608 - L.D. 831
An Act Pertaining to Former Members of the Maine State Retirement System
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §18203, sub-§3, as enacted by PL 1985, c. 801, §§5 and 7, is repealed and the following enacted in its place:
3. Amendments. A participating local district that has withdrawn from participation in the retirement system may adopt any provision of this Part and amend its plan to reflect adoption of that provision, whether the provision took effect before or after the effective date of the district's withdrawal. A participating local district withdrawing under this section may not amend its retirement plan except in accordance with this subsection, and any such amendment is effective only with respect to employees of the district who remained in the retirement system at the time of the district's withdrawal.
Effective September 13, 2003, unless otherwise indicated.
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