§18412. Limitation on benefits
Benefits are limited as follows: [PL 1987, c. 256, §34 (NEW).]
1. One benefit only. A beneficiary may select only one benefit, regardless of how many benefits he qualifies for; and
[PL 1987, c. 256, §34 (NEW).]
2. Election final. Except as provided in section 18403, subsection 4, and section 18553, subsection 8, if a beneficiary elects a benefit after receiving reasonable notification of available options from the retirement system, the beneficiary's election of a benefit is final and may not be changed or revoked at a later date.
[PL 1991, c. 548, Pt. A, §3 (AMD).]
SECTION HISTORY
PL 1987, c. 256, §34 (NEW). PL 1991, c. 548, §A3 (AMD).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20: STATE RETIREMENT SYSTEM
Chapter 425: PARTICIPATING LOCAL DISTRICTS
5 §18401. Amendment not to cause reduction in benefit
5 §18402. Eligibility for benefits
5 §18403. Election of methods of payment
5 §18405. Remarriage after retirement
5 §18406. Liability for payment of benefits
5 §18407. Cost-of-living adjustment to retirement benefit
5 §18408. Payment of benefits when a district disbands or dissolves
5 §18409. Payment from certain funds
5 §18411. Earnable compensation continued