Code of Maine Rules
94 - INDEPENDENT AGENCIES
411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS)
Chapter 414 - REQUIRED MINIMUM DISTRIBUTIONS
Section 411-414-1 - DEFINITIONS
Current through 2024-38, September 18, 2024
1. Code. "Code" means the Internal Revenue Code of 1986, as amended.
2. Member. "Member" as used in this Chapter means member or retiree, depending on the context.
3. Required Beginning Date. "Required Beginning Date" means the later of the April 1 following the calendar year in which the member attains age 72 (701/2 for members born before July 1, 1949) or April 1 of the year following the calendar year in which a member terminates employment.
4. QDRO. "QDRO" means qualified domestic relations order, as defined in Code Section 414(p).
5. Vested. "Vested" means that the member has met the creditable service requirement and/or applicable age requirement for eligibility to receive a service retirement benefit from the retirement plan under which the member is covered.
