Maine Revised Statutes Title 5 Sec. 18257 – Cessation of membership
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A member ceases to be a member of the Participating Local District Retirement Program if the member: [PL 2007, c. 491, §209 (AMD).]
1. Withdrawal. Withdraws accumulated contributions;
[PL 1987, c. 739, §§31, 48 (AMD).]
Terms Used In Maine Revised Statutes Title 5 Sec. 18257
- accumulated contributions: includes as much of the employer's contribution in the Retirement Allowance Fund as is needed to reach 7. See Maine Revised Statutes Title 5 Sec. 17001
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Beneficiary: means a person or persons designated by a member to receive a benefit under this Part or a person otherwise entitled to receive a benefit under this Part. See Maine Revised Statutes Title 5 Sec. 17001
- Local district: means :
A. See Maine Revised Statutes Title 5 Sec. 17001Member: 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
2. Beneficiary. Becomes a beneficiary as a result of the member’s own retirement; or
[PL 1985, c. 801, §§ 5, 7 (NEW).]
3. Death. Dies.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§31,48 (AMD). PL 2007, c. 491, §209 (AMD).