§17756. Unused accrued or accumulated sick leave or unused vacation leave
1. Service credit. Unused accumulated or accrued sick leave, unused vacation leave, or a combination of both, for which a member is credited on termination of service, but for which the member does not receive payment, qualifies for service credit.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
2. Limitation. Leave qualifying for service credit under subsection 1 may not exceed a total of 90 days, except as provided in subsection 3.
[PL 1985, c. 801, §§ 5, 7 (NEW).]
3. Exceptions. Leave beyond 90 days may qualify for service credit, up to the maximum number of days of leave, set by personnel rules or by contract, that a person is allowed to accumulate, if:
A. For state employees, the member, before any retirement benefit becomes effective for him, pays into the Members' Contribution Fund, a single payment which is the actuarial equivalent, at the effective date of the member's retirement benefit, of the portion of his retirement benefit based on the additional creditable service beyond 90 days; and [PL 1985, c. 801, §§ 5, 7 (NEW).]
B. For teachers, the member or the school administrative unit employing the member pays into the Members' Contribution Fund by a single payment the actuarial equivalent, at the effective date of the member's retirement benefit, of the portion of his retirement benefit based on the additional creditable service beyond 90 days. The member and the school administrative unit may determine by contract the portion to be deposited by each to obtain this additional creditable service. [PL 1985, c. 801, §§ 5, 7 (NEW).]
[PL 1985, c. 801, §§ 5, 7 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20: STATE RETIREMENT SYSTEM
Chapter 423: STATE EMPLOYEES AND TEACHERS
Subchapter 4: CREDITABLE SERVICE
5 §17751. Determination of one-year's service credit
5 §17752. Service credit for prior service
5 §17753. Service credit for back contributions
5 §17754. Out-of-state service
5 §17755. Disability retirement service credit
5 §17756. Unused accrued or accumulated sick leave or unused vacation leave
5 §17758. Legislature and Executive Council (REPEALED)
5 §17759. Federal employment service
5 §17760. Service in the armed forces
5 §17762. Adult education teachers (REPEALED)
5 §17763. Teachers in private, parochial and other schools
5 §17764. Vista, Peace Corps, Head Start and foreign teaching
5 §17765. Teacher previously employed as teacher's aide or Educational Technician I
5 §17766. Service credit for educational leave (REALLOCATED FROM TITLE 5, SECTION 17765)