Maine Revised Statutes Title 3 Sec. 754 – Investments
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Terms Used In Maine Revised Statutes Title 3 Sec. 754
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board of trustees: means the board provided for in section 731. See Maine Revised Statutes Title 3 Sec. 701
- Retirement: means the termination of membership service with a retirement allowance granted under this chapter. See Maine Revised Statutes Title 3 Sec. 701
The board of trustees may combine funds from the Legislative Retirement Program and the assets of other programs of the Maine Public Employees Retirement System for investment purposes. The assets and funds of other programs of the Maine Public Employees Retirement System and the assets and funds of the Legislative Retirement Program may not be combined for benefit payment purposes or for administrative expenses. [PL 2007, c. 491, §16 (AMD).]
SECTION HISTORY
PL 1985, c. 507, §1 (NEW). PL 2007, c. 58, §3 (REV). PL 2007, c. 491, §16 (AMD).