Persons retired under earlier law

Checkout our iOS App for a better way to browser and research.

§17807. Persons retired under earlier law

1.  Benefits continued.  All benefits payable to former employees retired under the Public Laws of 1933, chapter 1, sections 227 to 233, as they existed immediately before July 1, 1942, shall be continued and paid in the future from the Retirement Allowance Fund at the full amounts stipulated under those sections before July 1, 1942.  

[PL 1985, c. 801, §§ 5, 7 (NEW).]

2.  Additional amounts.  Any additional funds required to continue the benefits under subsection 1 shall be provided by an increase in the accrued liability contribution payable to the Retirement Allowance Fund.  

[PL 1985, c. 801, §§ 5, 7 (NEW).]

SECTION HISTORY

PL 1985, c. 801, §§5,7 (NEW).


Download our app to see the most-to-date content.