Me. Rev. Stat. » Title 5
Maine Revised Statutes

Me. Rev. Stat. tit. 5, § 17157 (2026)

Interest and dividend credits

✓ current as of May 2026
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All interest and dividends earned on the funds of the retirement system shall be credited to the Retirement Allowance Fund.   [PL 1985, c. 801, §§ 5, 7 (NEW).]
1.  Transfer to Members' Contribution Fund.  The board shall periodically allow regular interest on the individual accounts of members in the Members' Contribution Fund and shall transfer those amounts from the Retirement Allowance Fund to the Members' Contribution Fund.  
[PL 1989, c. 95, §2 (AMD).]
2.  Transfer to Survivors' Benefit Fund. 
[PL 2007, c. 249, §18 (RP).]
SECTION HISTORY
PL 1985, c. 801, §§5,7 (NEW). PL 1989, c. 95, §2 (AMD). PL 2007, c. 249, §18 (AMD).
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Notes of Decisions
Cited in 1 case, 1993–1993 · leading case: Spiller v. State, 627 A.2d 513 (Me. 1993).
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Spiller v. State, 627 A.2d 513 (Me. 1993). · cites it 2× “1992); see 5 M.R.S.A. § 17157 (Supp.1992). In addition, the legislature has provided that certain benefits offered by the retirement system, such as life insurance and disability retirement benefits, are immediately vested and due regardless of the employee's length of service.”
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