LD 518 (subjects: PUBLIC EMPLOYEES RETIREMENT SYSTEM , BENEFITS )
Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=518&PID=1456&snum=127
|2/26/2015||Senate||Committee on APPROPRIATIONS AND FINANCIAL AFFAIRS
suggested and ordered printed
On motion by Senator Hamper of Oxford REFERRED to the Committee on APPROPRIATIONS AND FINANCIAL AFFAIRS
Ordered sent down forthwith for concurrence.
|2/26/2015||House||Bill REFERRED to the Committee on APPROPRIATIONS AND FINANCIAL AFFAIRS.
In concurrence. ORDERED SENT FORTHWITH.
|6/30/2015||Senate||CARRIED OVER to any Special or Regular Session of the 127th Legislature pursuant to Joint Order HP 992. in concurrence|
|6/30/2015||House||Carried over to any special and/or regular session of the 127th Legislature pursuant to Joint Order HP 992.|
|6/30/2015||Senate||CARRIED OVER to any Special or Regular Session of the 127th Legislature pursuant to Joint Order HP 992. , in concurrence.|
|7/21/2015||Senate||CARRIED OVER to any Special or Regular Session of the 127th Legislature pursuant to Joint Order HP 992.|
|1/21/2016||Senate||Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)|
An Act To Clarify and Protect Certain Public Service Retirement Benefits
Sec. 1. 5 MRSA 17801, sub- 1, B, as enacted by PL 1999, c. 489, 3, is amended to read:
(1) The commitment provided by this section applies to the protections established under the specific following provisions:
(a) Section 17001, subsection 4; and subsection 13, paragraph B, subparagraph (1) and paragraph C, subparagraph (2);
(b) Section 17806, subsectionsubsections 1 to 4;
(c) The subsection of section 17851, that is applicable to each member;
(d) The paragraph of subsection 2 of section 17851-A, that is applicable to each member;
(e) The paragraph of subsection 4 of section 17851-A, that is applicable to each member; and
(f) The subsection of section 17852, that is applicable to each member.
(2) The commitment established in this paragraph attaches to a given provision of those specified in subparagraph (1) when the member in question has met the creditable service requirement set out in the given provision, on the basis of which the protection established by the provision becomes effective.
This bill changes the contractual commitment to maintain state-protected benefits regarding cost-of-living adjustments for retired state employees and teachers.
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This information about LD 518 was last updated on 2016-05-12.
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