United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 5, § 18302: Employer contribution, 1985

The actuary must compute annual employer contributions for participating local districts, and the district must pay the cost of the initial contribution determination. The board may set by rule th…

Source excerpt

employer contributionspension plan administration

Jurisdiction: United States — Maine
Structure: 1 provisions
Official identity: Year 1985
Dates: Enacted 1985 · Source version 1 Oct 2025

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Dates: Enacted 1985 · Source version 1 Oct 2025

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“The actuary must compute annual employer contributions for participating local districts, and the district must pay the cost of the initial contribution determination. The board may set by rule the contribution rate for participating employers in the Participating Local District Consolidated Retirement Plan.”

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Enacted 1985 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.
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Employer contribution

The actuary must compute annual employer contributions for participating local districts, and the district must pay the cost of the initial contribution determination. The board may set by rule the contribution rate for participating em…

Section 18302

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Source record from legislature.maine.gov · Enacted 1985 · Source version 1 Oct 2025

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§ 18302Employer contributionProvision

Source excerpt

1. Computation by actuary. The actuary shall compute employer contributions payable annually by the participating local district on account of employees who become members under subchapter II in the same manner as if they were state employees in accordance with chapter 421, subchapter IV. [PL 1985, c. 801, §§ 5, 7 (NEW).] 2. Expense. The expense of making the initial determination of the contributions under this section shall be assessed against and paid by the participating local district on whose account it is made. [PL 1985, c. 801, §§ 5, 7 (NEW).] 3. Employer contributions to the Participating Local District Consolidated Retirement Plan. The board may establish by rule the rate at which employers who participate in the Participating Local District Consolidated Retirement Plan in accordance with chapter 427 contribute to that plan. Rules established pursuant to this subsection are routine technical rules pursuant to chapter 375, subchapter 2‑A. [PL 2017, c. 392, §4 (NEW).]

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1 Oct 2025 · currentEnglish

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