United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 5, § 18304: Former members, 1985

A former member who withdrew contributions and later rejoined may repay earlier contributions to the Members' Contribution Fund, subject to specified conditions.

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01

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“A former member who withdrew contributions and later rejoined may repay earlier contributions to the Members' Contribution Fund, subject to specified conditions.”

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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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Former members

A former member who withdrew contributions and later rejoined may repay earlier contributions to the Members' Contribution Fund, subject to specified conditions.

Section 18304

04

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

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§ 18304Former membersProvision

A former member who withdrew contributions and later rejoined may repay earlier contributions to the Members' Contribution Fund, subject to specified conditions.

Any former member who withdrew that person's contributions after termination of service or after withdrawing from a retirement program of the retirement system and who again becomes a member may repay earlier contributions to the Members' Contribution Fund under the following conditions. [PL 2007, c. 491, §212 (AMD).] 1. Time. The repayment must be made before the date any retirement benefit becomes effective for the member. [PL 2003, c. 630, Pt. A, §8 (AMD).] 2. Manner of repayment. The repayment must be made to the applicable retirement program by a single direct payment or by annual direct payments made in accordance with section 18301, subsection 4. [PL 2007, c. 491, §213 (AMD).] 3. Amount of repayment. The amount of repayment must be equal to the accumulated contributions withdrawn by the person plus interest on the amount of those accumulated contributions, beginning on the date of withdrawal to the date the repayment or repayments are made, at a rate, to be set by the board, not to exceed regular interest by 5 or more percentage points. [PL 1985, c. 801, §§5, 7 (NEW).]
Section 18304Verify source

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  • 1 Oct 2025 · currentEnglish

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