Maine Revised Statutes Title 5 Sec. 18509 – Statement of compensation
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1. Requirement. The chief executive officer shall require each beneficiary of a disability retirement benefit to submit, each calendar year, a statement of his compensation received from engaging in any gainful occupation during that year.
[PL 1985, c. 801, §§ 5, 7 (NEW); PL 2021, c. 548, §45 (REV).]
Terms Used In Maine Revised Statutes Title 5 Sec. 18509
- Beneficiary: means a person or persons designated by a member to receive a benefit under this Part or a person otherwise entitled to receive a benefit under this Part. See Maine Revised Statutes Title 5 Sec. 17001
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Benefit: means any payment made, or required to be made, to a beneficiary under chapter 423, subchapter V or chapter 425, subchapter V. See Maine Revised Statutes Title 5 Sec. 17001
- Chief executive officer: means the Chief Executive Officer of the Maine Public Employees Retirement System. See Maine Revised Statutes Title 5 Sec. 17001
- Retirement: means termination of membership with a retirement allowance granted under this chapter. See Maine Revised Statutes Title 5 Sec. 17001
- Retirement benefit: means the same as retirement allowance. See Maine Revised Statutes Title 5 Sec. 17001
- Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 1 Sec. 72
2. Failure to submit statement. Failure to submit the statement under subsection 1, shall result in the following.
A. If the beneficiary fails to submit the statement required under subsection 1 within 30 days of receipt of the chief executive officer’s request for the statement, the beneficiary’s disability retirement benefit shall be discontinued until the statement is submitted. [PL 1985, c. 801, §§ 5, 7 (NEW); PL 2021, c. 548, §45 (REV).]
B. If the beneficiary fails to submit the statement required under subsection 1 within one year of receipt of the chief executive officer’s request for the statement, all the beneficiary’s rights to any further benefits shall cease. [PL 1985, c. 801, §§ 5, 7 (NEW); PL 2021, c. 548, §45 (REV).]
[PL 1985, c. 801, §§ 5, 7 (NEW); PL 2021, c. 548, §45 (REV).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 2021, c. 548, §45 (REV).