§17152. Funds
The board may combine the assets of the State Employee and Teacher Retirement Program with the assets of other retirement programs of the retirement system for investment purposes. The assets of the State Employee and Teacher Retirement Program may not be combined with the assets of another retirement program for benefit purposes or for administrative expenses. All of the assets of the retirement system must be credited according to the purpose for which they are held among the several funds created by this section, namely: [PL 2017, c. 88, §19 (AMD).]
1. Members' Contribution Fund. The Members' Contribution Fund; and
[RR 2015, c. 2, §3 (COR).]
2. Retirement Allowance Fund. The Retirement Allowance Fund.
[PL 2015, c. 385, §6 (AMD).]
3. Expense Fund.
[PL 2015, c. 385, §7 (RP).]
4. Survivors' Benefit Fund.
[PL 2007, c. 249, §12 (RP).]
5. State Retiree Health Insurance Fund.
[PL 2007, c. 249, §13 (RP).]
6. State Retired Teachers' Health Insurance Fund.
[PL 2007, c. 249, §14 (RP).]
7. Disability Retirement Benefit Fund.
[PL 2007, c. 249, §15 (RP).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 409, §§3,12 (AMD). PL 1995, c. 368, §G6 (AMD). PL 2007, c. 249, §§12-15 (AMD). RR 2013, c. 2, §6 (COR). PL 2013, c. 602, Pt. A, §1 (AMD). RR 2015, c. 2, §3 (COR). PL 2015, c. 385, §§6, 7 (AMD). PL 2017, c. 88, §19 (AMD).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20: STATE RETIREMENT SYSTEM
Chapter 421: GENERAL PROVISIONS
5 §17151. Legislative findings and intent
5 §17154. Administration of funds
5 §17156. Rate of interest (WHOLE SECTION TEXT EFFECTIVE ON CONTINGENCY: See PL 1991, c. 619, §18)
5 §17157. Interest and dividend credits