| This bill amends the laws concerning optional membership for |
| participating local districts in the Maine State Retirement |
| System to parallel changes made for state employees in the system |
| in Public Law 2003, chapter 261. This bill allows service credit |
| to be purchased for the period during which an individual in the |
| service of a participating local district opted not to be a |
| member of the Maine State Retirement System if that individual |
| rejoins the system. The bill also provides that when an employee |
| in the service of a participating local district who terminated |
| membership in the Maine State Retirement System subsequently |
| rejoins, that employee may repay those withdrawn contributions |
| plus interest immediately upon restoration of service. |