Code of Maine Rules
94 - INDEPENDENT AGENCIES
411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS)
Chapter 412 - LIMITATIONS ON COMPENSATION
Section 411-412-1 - DEFINITIONS

Universal Citation: 94 ME Code Rules ยง 411-412-1

Current through 2024-38, September 18, 2024

1. Annual Compensation. "Annual compensation" means compensation during the plan year or the determination period.

2. Code. "Code" means the Internal Revenue Code of 1986, as amended.

3. Determination Period. "Determination period" means a consecutive 12-month period over which compensation is determined under the plan.

4. Eligible Member. "Eligible member" means a person who first became a member of a retirement program administered by the Maine Public Employees Retirement System prior to July 1, 1996.

5. Plan year. "Plan year" is the fiscal year commencing July 1.

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