Maine Revised Statutes Title 5 Sec. 18534 – Optional election
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Terms Used In Maine Revised Statutes Title 5 Sec. 18534
- Benefit: 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
- Chief executive officer: means the Chief Executive Officer of the Maine Public Employees Retirement System. See Maine Revised Statutes Title 5 Sec. 17001
- Local district: means :
A. See Maine Revised Statutes Title 5 Sec. 17001Retirement: means termination of membership with a retirement allowance granted under this chapter. See Maine Revised Statutes Title 5 Sec. 17001 Retirement system: means the Maine Public Employees Retirement System. See Maine Revised Statutes Title 5 Sec. 17001
Any person entitled to receive a disability retirement benefit under article 3, as in effect immediately before October 1, 1989, or under section 1122 of the former retirement system law, as in effect immediately before July 1, 1977, may elect to be governed by this article instead of article 3 by making written application to the chief executive officer within 6 months after adoption of this article by the participating local district. If the election is made, this article shall apply from the date of the person’s original eligibility for disability retirement, but any increase in benefits may only be granted from the date of election. [PL 1989, c. 409, §§11, 12 (NEW); PL 2021, c. 548, §45 (REV).]
SECTION HISTORY
PL 1989, c. 409, §§11,12 (NEW). PL 2021, c. 548, §45 (REV).