Amendment not to cause reduction in benefit

  1. Law
  2. Maine Revised Statutes
  3. ADMINISTRATIVE PROCEDURES AND SERVICES
  4. STATE RETIREMENT SYSTEM
  5. PARTICIPATING LOCAL DISTRICTS
  6. BENEFITS
  7. GENERAL PROVISIONS
  8. Amendment not to cause reduction in benefit

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§18401. Amendment not to cause reduction in benefit

No amendment to this Part may cause any reduction in the amount of benefits which would be due to a member based on creditable service, earnable compensation, employee contributions, pick-up contributions and the provisions of this Part on the date immediately preceding the effective date of the amendment.   [PL 1987, c. 739, §§42, 48 (AMD).]

SECTION HISTORY

PL 1985, c. 801, §§5,7 (NEW). PL 1987, c. 739, §§42,48 (AMD).


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