Maine Revised Statutes Title 4 Sec. 1302 – Creditable service
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Creditable service for the purpose of determining benefits under this chapter shall be allowed as follows: [PL 1983, c. 853, Pt. C, §§ 15, 18 (NEW).]
1. Membership service. All judicial service of a member after November 30, 1984, for which contributions are made shall be allowed as creditable service.
[PL 1989, c. 133, §24 (AMD).]
Terms Used In Maine Revised Statutes Title 4 Sec. 1302
- Accumulated contributions: means the sum of all the amounts credited to a member's individual account, together with regular interest thereon. See Maine Revised Statutes Title 4 Sec. 1201
- Actuarial equivalent: means an amount of equal value when computed at the discount rate contained in actuarial assumptions adopted by the board of trustees. See Maine Revised Statutes Title 4 Sec. 1201
- Creditable service: means membership service and prior service as a judge which is credited towards retirement in accordance with subchapter IV. See Maine Revised Statutes Title 4 Sec. 1201
- Judge: means a Justice of the Supreme Judicial Court or the Superior Court, any Judge of the District Court, any Administrative Court Judge or any Associate Administrative Court Judge who is actively serving as of December 1, 1984, or who is appointed subsequent to December 1, 1984, but does not include Active Retired Judges. See Maine Revised Statutes Title 4 Sec. 1201
- Member: means a judge who is included in the membership of the Maine Judicial Retirement System as provided in section 1301. See Maine Revised Statutes Title 4 Sec. 1201
- Membership service: means service rendered while a member of the Maine Judicial Retirement System for which credit is allowed under section 1302. See Maine Revised Statutes Title 4 Sec. 1201
- Month: means a calendar month. See Maine Revised Statutes Title 1 Sec. 72
- Prior service: means all service before December 1, 1984, as a judge. See Maine Revised Statutes Title 4 Sec. 1201
- Regular interest: means interest at the rate which the Board of Trustees of the Maine Public Employees Retirement System sets from time to time, in accordance with Title 5, section 17156. See Maine Revised Statutes Title 4 Sec. 1201
- Retirement: means the termination of membership service with a retirement allowance granted under this chapter. See Maine Revised Statutes Title 4 Sec. 1201
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
1-A. Prior service. All service of a member as a judge before December 1, 1984, shall be allowed as creditable service.
[PL 1983, c. 863, Pt. B, §§ 19, 45 (NEW).]
2. Disability retirement. The period following the termination of service for which a beneficiary receives disability retirement allowance payments under section 1353 shall be allowed as membership service.
[PL 1983, c. 863, Pt. B, §§ 19, 45 (AMD).]
3. State Employee and Teacher Retirement Program and Legislative Retirement Program service. Creditable service as a member of the State Employee and Teacher Retirement Program or the Legislative Retirement Program must be allowed as creditable service of the Judicial Retirement Program as follows.
A. Any member who has not withdrawn that member’s accumulated contributions with the State Employee and Teacher Retirement Program may, upon appointment as a judge, have that member’s State Employee and Teacher Retirement Program contributions and membership service transferred to that member’s account with the Judicial Retirement Program and all creditable service resulting from membership in the State Employee and Teacher Retirement Program is creditable service in the Judicial Retirement Program.
All funds in the State Employee and Teacher Retirement Program contributed by the employer on account of employment are transferred to the Judicial Retirement Program and must be used to liquidate the liability incurred by reason of that member’s previous employment. The State shall make such contributions, from time to time, as may be necessary to provide the benefits under the Judicial Retirement Program for the member as have accrued to the member by reason of the member’s previous employment and may accrue to the member by reason of membership in the Judicial Retirement Program. [PL 2007, c. 491, §45 (AMD).]
A-1. Any member who has not withdrawn that member’s accumulated contributions with the Legislative Retirement Program may, upon appointment as a judge, elect to have that member’s Legislative Retirement Program contributions and membership service transferred to that member’s account with the Judicial Retirement Program and have all creditable service resulting from membership in the Legislative Retirement Program count as creditable service in the Judicial Retirement Program. The member must pay an amount that, together with regular interest on that amount, is the actuarial equivalent, at the effective date of the retirement benefit, of the portion of the retirement benefit that results from inclusion of the creditable service in the Legislative Retirement Program as creditable service in the Judicial Retirement Program.
All funds in the Legislative Retirement Program contributed by the employer on account of the member’s previous membership in the Legislative Retirement Program are transferred to the Judicial Retirement Program and must be used to liquidate the liability incurred by reason of that member’s previous membership. [PL 2009, c. 267, §1 (NEW).]
B. Any member who has withdrawn that member’s accumulated contributions from the State Employee and Teacher Retirement Program or the Legislative Retirement Program may, subsequent to appointment as a judge and prior to the date any retirement allowance becomes effective for that member, deposit in the fund by a single payment or by an increased rate of contribution an amount equal to the accumulated contributions withdrawn by that member together with interest at 2% greater than regular interest from the date of withdrawal to the date of repayment. If repayment is made in installments, interest continues to accrue on the outstanding balance. The member is entitled to all creditable service that the member acquired during previous membership. In the event any retirement allowance becomes effective before repayment is completed, the member is entitled to credit for that portion of the total of the previous creditable service which the total amount of payments actually made bears to the total amount, including interest at 2% greater than regular interest from the date of withdrawal to the date the retirement allowance becomes effective. [PL 2009, c. 267, §1 (AMD).]
C. [PL 1985, c. 693, §8 (RP).]
D. A person may not receive benefits under both the Judicial Retirement Program and the State Employee and Teacher Retirement Program or the Legislative Retirement Program based upon the same period of service. [PL 2009, c. 267, §1 (AMD).]
[PL 2009, c. 267, §1 (AMD).]
4. Amount of service per year. The board shall establish by rule the amount of creditable service to be granted for service rendered during a year, subject to the following conditions.
A. No credit may be allowed for a period of absence without pay of more than one month‘s duration; and [PL 1983, c. 853, Pt. C, §§ 15, 18 (NEW).]
B. No more than one year of service may be credited for all service in one calendar year. [PL 1983, c. 853, Pt. C, §§ 15, 18 (NEW).]
[PL 1983, c. 853, Pt. C, §§ 15, 18 (NEW).]
SECTION HISTORY
PL 1983, c. 853, §§C15,18 (NEW). PL 1983, c. 863, §§B19,B45 (AMD). PL 1985, c. 693, §8 (AMD). PL 1989, c. 133, §24 (AMD). PL 2007, c. 58, §3 (REV). PL 2007, c. 491, §45 (AMD). PL 2009, c. 267, §1 (AMD).