| | | Sec. 19. 5 MRSA §18061, sub-§2, as amended by PL 1993, c. 386, §4, is | | further amended by amending the first paragraph to read: |
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| | | 2. Retirement. If, on the date the insurance would otherwise | | terminate, the employee retires, in accordance with former Title | | 3, chapter 29, Title 4, chapter 27 or 29 or this Part, the | | employee's basic life insurance only must be continued without | | cost to the employee and in the amounts provided in this | | subsection. |
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| | | Sec. 20. 5 MRSA §18451, sub-§3, as repealed and replaced by PL 1987, | | c. 256, §38, is amended to read: |
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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 | | 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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| | | This bill eliminates the legislative retirement system. |
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