Code of Maine Rules
94 - INDEPENDENT AGENCIES
411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS)
Chapter 302 - RETIREMENT INCENTIVES
- Section 411-302-1 - Definitions
- Section 411-302-2 - Applicability
- Section 411-302-3 - Reporting Requirements for Retirement Incentives
- Section 411-302-4 - Employer Payment to Maine State Retirement System for Costs Relating to Early Retirement Incentives
- Section 411-302-5 - Projection of Employer's Liability
Current through 2024-38, September 18, 2024
SUMMARY: This Chapter defines "retirement incentives" and "early retirement incentives" and governs the System's identification of both. It imposes obligations on employers and retiring members to declare and report both retirement incentives and early retirement incentives to the System. This Chapter also governs the determination and payment of additional actuarial and administrative costs incurred by the Retirement System because of early retirement incentives offered by employers to members. Payment of additional costs associated with early retirement incentives is governed by the provisions of 5 MRSA §17154(10), which were enacted by PL 1993, c. 410, Part L, § 2.
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