Maine Revised Statutes Title 5 Sec. 17905 – Computation of benefit
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Terms Used In Maine Revised Statutes Title 5 Sec. 17905
- Average final compensation: means :
A. See Maine Revised Statutes Title 5 Sec. 17001Benefit: means any payment made, or required to be made, to a beneficiary under chapter 423, subchapter V or chapter 425, subchapter V. See Maine Revised Statutes Title 5 Sec. 17001 Member: means any person included in the membership of a retirement program of the retirement system, as provided in chapter 423, subchapter 2, or chapter 425, subchapter 2. See Maine Revised Statutes Title 5 Sec. 17001 Retirement: means termination of membership with a retirement allowance granted under this chapter. See Maine Revised Statutes Title 5 Sec. 17001
When a member qualified under section 17904 retires, the member is entitled to receive a disability retirement benefit equal to 66 2/3% of the member’s average final compensation. [PL 1997, c. 384, §5 (RPR).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1991, c. 887, §5 (AMD). PL 1993, c. 595, §7 (AMD). PL 1995, c. 643, §6 (AMD). PL 1997, c. 384, §5 (RPR).