Code of Maine Rules
12 - DEPARTMENT OF LABOR
172 - MAINE UNEMPLOYMENT INSURANCE COMMISSION
Chapter 21 - PENSION PAYMENTS
Section 172-21-2 - Determining employer's contribution
Universal Citation: 12 ME Code Rules ยง 172-21-2
Current through 2024-13, March 27, 2024
For purposes of subsection 9 of section 1193 of the Employment Security Law, when both the individual and a base period or chargeable employer made contributions to the retirement pension plan, the following procedure will be used in order to determine the employer's percentage of the contributions to the plan:
A. Step 1: Subtract the employee's contributions to the plan from the established annuity value as determined by the employer or the employer's pension administrator.
B. Step 2: Divide the employer's contributions by the established annuity value.
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