(d)__Reallocation of position.

(2) Effective October 1, 1999, the 5% limitation and the 10% limitation on increases in earnable compensation set out in subparagraph (1) may not be changed to a lower percentage for members who, on October 1, 1999 or thereafter, meet the creditable service requirement for eligibility to receive a service retirement benefit, at the applicable age if so required, under section 17851 or section 17851-A, subsection 2.

SUMMARY

This bill excludes pay increases resulting from the following for purposes of determining earnable compensation under the Maine State Retirement System law:

1. Collectively bargained agreements pursuant to Title 26, chapters 9-A, 9-B and 12;

2. Job promotions;

3. Position reclassifications; and

4. Position reallocations.