5 §17254. Minimum state contribution
Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20: STATE RETIREMENT SYSTEM (HEADING: PL 1985, C. 801, §5 (NEW))
Chapter 421: GENERAL PROVISIONS (HEADING: PL 1985, C. 801, §5 (NEW))
Subchapter 4: FINANCING (HEADING: PL 1985, C. 801, §5 (NEW))
Article 3: RETIREMENT ALLOWANCE FUND (HEADING: PL 1985, C. 801, §5 (NEW))
§17254. Minimum state contribution
The aggregate payment by the State into the Retirement Allowance Fund for state employees and teachers must be at least sufficient, when combined with the amount in the Retirement Allowance Fund, to provide the benefits payable out of the fund and the administrative operating expenses of the Maine State Retirement System during the current year. [2007, c. 240, Pt. U, §7 (AMD).]
SECTION HISTORY
1985, c. 801, §§5,7 (NEW). 2007, c. 240, Pt. U, §7 (AMD).