§18310. Police officers
1. Contribution rate. Except as provided in subsections 2 and 3, each police officer, including the chief of a police department, employed by a participating local district that provides a special retirement benefit under section 18453, subsection 7 or 8, shall contribute to the Participating Local District Retirement Program or have pick-up contributions made by the employer at a rate of 8% of earnable compensation as long as employed as a police officer.
[PL 2013, c. 391, §4 (AMD).]
2. Exception. A participating local district may elect to reduce the rate of contribution set out in subsection 1 to 6.5% of earnable compensation for all police officers who continue employment after attaining eligibility for retirement during the remainder of their employment as police officers.
[PL 1985, c. 801, §§5, 7 (NEW).]
3. Member contributions to Participating Local District Consolidated Retirement Plan. The board may establish by rule the rate at which police officers who participate in the consolidated plan described in chapter 427 contribute to that plan. Rules adopted pursuant to this subsection are routine technical rules pursuant to chapter 375, subchapter 2‑A.
[PL 2013, c. 391, §5 (NEW).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 256, §27 (AMD). PL 1987, c. 739, §§39,48 (AMD). PL 2007, c. 491, §222 (AMD). PL 2013, c. 391, §§4, 5 (AMD).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20: STATE RETIREMENT SYSTEM
Chapter 425: PARTICIPATING LOCAL DISTRICTS
5 §18302. Employer contribution
5 §18303. Certification and payment of contributions
5 §18305. Back contributions (REPEALED)
5 §18305-A. Back contributions for optional members (REPEALED)
5 §18305-B. Continued eligibility to purchase service credit
5 §18305-C. Back contributions for certain days off without pay
5 §18306. Refund of accumulated contributions (REPEALED)
5 §18306-A. Refund of accumulated contributions
5 §18307. Inactive accounts (REPEALED)