Maine Code § 5-17766

(REALLOCATED FROM TITLE 5, SECTION 17765)
A member may purchase service credit for the period during which the member took an unpaid or
partially paid educational leave pursuant to the Maine Educational Leave Act under the following
conditions. [RR 1997, c. 1, §4 (RAL).]
1. Payment. The member must, before any retirement benefit becomes effective, pay into the
Members' Contribution Fund by a single payment or annual direct payments to the State Employee and
Teacher Retirement Program an amount that, together with regular interest on that amount, is the
actuarial equivalent, at the effective date of the retirement benefit, of the portion of the retirement
benefit based on the additional service credit purchased under this section. Payments must be made as
provided in section 17701, subsection 4.
If any retirement benefit becomes effective before the completion of the payment under this subsection,
the member is entitled to the additional creditable service that the total amount of payments actually

made, plus regular interest on those payments to the date the retirement benefit becomes effective, bears
to the actuarial equivalent of the total portion of the retirement benefit based on the additional creditable
service.
[PL 2007, c. 491, §145 (AMD).]
2. Limitation on use of purchased service credit. Notwithstanding any other provision of law,
service credit purchased under this section may be used only for the purpose of increasing the amount
of a member's service retirement benefit by inclusion of the purchased service credit and may not be
used to establish a member's qualification for a service retirement benefit.
[RR 1997, c. 1, §4 (RAL).]
3. Return to employment. The member must have returned to state employment after completion
of the educational leave.
[RR 1997, c. 1, §4 (RAL).]

‹ Prev All Maine sections Next ›

Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.