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| 3. Member with creditable service of 25 years or more. A member | who has completed 25 or more years of creditable service qualifies | for a service retirement benefit if he that member retires at any | time after completing 25 years of service, which may include, for | the purpose of meeting eligibility requirements, creditable service | as a member of the Maine Legislative Retirement System under former | Title 3, section 701, subsection 8, before becoming a member of the | Maine State Retirement System. |
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| | Sec. 9. 5 MRSA §17852, sub-§3, as amended by PL 1993, c. 410, Pt. L, | §36, is further amended to read: |
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| | 3. Member with creditable service of 25 years or more; 10 | years of creditable service on July 1, 1993. The amount of the | service retirement benefit for members qualified under section | 17851, subsection 3, is computed in accordance with subsection 1, | except that: |
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| A. The amount arrived at under subsection 1 is reduced by | applying to that amount the percentage that a life annuity | due at age 60 bears to the life annuity due at the age of | retirement; and |
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| B. For the purpose of making the computation under | paragraph A, the board-approved tables of annuities in | effect at the date of the member's retirement are used. |
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| This subsection applies to members who, on July 1, 1993, have 10 | years of creditable service. For the purpose of calculating | creditable service under this subsection only, creditable service | includes time during which a member participated in the voluntary | cost savings cost-savings plan or the voluntary employee | incentive program, authorized by Public Law 1989, chapter 702, | Part F, section F-6 6 and Public Law 1991, chapter 591, Part BB | and chapter 780, Part VV, or 10 years of combined creditable | service under this Part and former Title 3, chapter 29, or | creditable service available to a member that the member was | eligible to purchase on June 30, 1993 and that the member does | purchase in accordance with rules adopted by the board. |
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| | Sec. 10. 5 MRSA §17852, sub-§4, śC, as amended by PL 1993, c. 410, Pt. | L, §38, is further amended to read: |
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| C. For persons qualifying under section 17851, subsection | 4, paragraph B, and who retire before reaching the age of | 55, the retirement benefit is determined in accordance with | subsection 1, except that: |
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