Chapter 27: JUDICIAL RETIREMENT ON OR AFTER DECEMBER 1, 1984
Subchapter 4: MEMBERSHIP AND CONTRIBUTION
§1305-B. Inactive accounts
1.Conditions for refund.
The retirement system may make an automatic refund of contributions to a member who
has not properly applied for a refund as provided in section 1305-A and who has terminated
service, except by death or by retirement under this chapter, and who has not met
the minimum creditable service requirement for eligibility to receive a service retirement
benefit at the applicable age under the following conditions:
A. The member account in the retirement system has been inactive for 3 or more years; [2007, c. 137, §8 (NEW).]
B. Only accumulated contributions made by the member or picked up by the employer may
be refunded to that member under this subsection; and [2007, c. 137, §8 (NEW).]
C. A member who receives an automatic refund under this subsection may, within 30 days
of the issuance of the refund, return the full refunded amount to the retirement system.
Upon receipt, the retirement system shall restore the accumulated contributions to
the member’s credit. [2007, c. 137, §8 (NEW).]
Pursuant to the Code, Section 401(a)(31)(B), the amount of an automatic refund under
this section may not exceed $1,000.
2009, c. 474, §9 (AMD)
2007, c. 137, §8 (NEW).
2009, c. 474, §9 (AMD).
Data for this page extracted on 12/03/2013 11:49:25.
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.