153 chapters · 1,495 sections in this title.
5 M.R.S. § 17601 Information from departments
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1. State employees. The head of each department shall submit to the board, on behalf of the employee: A. A statement showing the name, title, compensation, sex, date of birth and length of service of each member of the State Employee and Teacher Retirement Program in that departm…
5 M.R.S. § 17602 Name, establishment and purpose
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There is established the State Employee and Teacher Retirement Program as a governmental qualified defined benefit plan pursuant to Sections 401(a) and 414(d) of the Internal Revenue Code and such other provisions of the Internal Revenue Code and United States Treasury regulation…
5 M.R.S. § 17603 Internal Revenue Code qualified plan compliance
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The State Employee and Teacher Retirement Program established in this chapter is subject to the following requirements. [PL 2009, c. 474, §14 (NEW).] 1. Vesting. In compliance with the Code, Section 401(a)(7), a member is 100% vested in the member's contribution account at all ti…
5 M.R.S. § 17651 Mandatory membership
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All state employees and teachers become members of the State Employee and Teacher Retirement Program as a condition of their employment.