Code of Maine Rules
94 - INDEPENDENT AGENCIES
411 - MAINE PUBLIC EMPLOYEES RETIREMENT SYSTEM (MAINEPERS)
Chapter 510 - REDUCTION OF DISABILITY RETIREMENT BENEFITS BECAUSE OF LUMP-SUM SETTLEMENTS OF BENEFITS PAYABLE UNDER THE WORKERS' COMPENSATION OR SIMILAR LAW OR THE UNITED STATES SOCIAL SECURITY ACT
- Section 411-510-1 - DEFINITIONS
- Section 411-510-2 - APPLICABILITY
- Section 411-510-3 - MAKING THE REDUCTION
- Section 411-510-4 - DETERMINING THE REDUCTION AMOUNT, IF ANY
- Section 411-510-5 - DETERMINING THE ANNUITY FACTORS TO BE USED FOR SECTION 4
- Section 411-510-6 - DETERMINING THE AMOUNT OF THE "LUMP-SUM SETTLEMENT" IF THE SETTLEMENT PROVIDES FOR PAYMENT IN A MONTH OR MONTHS FOLLOWING THE DATE THAT THE SETTLEMENT AGREEMENT IS SIGNED BY THE APPROVING AUTHORITY
Current through 2024-13, March 27, 2024
SUMMARY: This chapter sets forth the methodology by which disability retirement benefits are reduced when a beneficiary of such benefits receives a lump-sum settlement of benefits payable under the workers' compensation or similar law or the United States Social Security Act.
STATUTORY AUTHORITY: 3 M.R.S.A. § 853 ; 4 M.R.S.A. § 1353(6) ; 5 M.R.S.A. §§ 17930(4) and 18530(4)
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