Sec. 1. 5 MRSA §17713, sub-§2, ¶A, as repealed and replaced by PL 1993, c. 349, §16, is amended to read:

A. If the member qualifies under section 17760, subsection 2, contributions must be calculated at the percentage rate required of active members during the period of time covered by the service in the armed forces applied to the member's earnable compensation during the first year as an employee after service in the armed forces, under the following terms and conditions:

(1) If 2 or more percentage rates were in effect during the period of service in the armed forces, the highest percentage rate must be used;

(2) The minimum rate is 5%; and

(3) Interest at a rate set by the board not to exceed regular interest by 2 or more percentage points must be paid on the unpaid balance beginning the later of January 1, 1976, or the date of attaining 15 5 years of creditable service or the date first subject to the provisions of this subparagraph, if later, to the date payment is made.

Sec. 2. 5 MRSA §17760, sub-§2, ¶A, as enacted by PL 1985, c. 801, §§5 and 7, is amended to read:

A. On the date of retirement, the member must have at least 15 5 years of creditable service.

Sec. 3. 5 MRSA §17760, sub-§2, ¶D, as enacted by PL 1985, c. 801, §§5 and 7, is repealed.

Sec. 4. 5 MRSA §17760, sub-§2, ¶E, as amended by PL 1989, c. 907, §3, is repealed.

Sec. 5. 5 MRSA §18311, sub-§2, ¶A, as amended by PL 1991, c. 23, §1, is further amended to read:

A. If the member qualifies under section 18360, subsection 2, contributions are calculated at the percentage rate required of active members during the period of time covered by the service in the armed forces applied to the member's earnable compensation during the first year as an employee subsequent to service in the armed forces under the following terms and conditions: