5 §18255. Disbanded or dissolved local district
Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20: STATE RETIREMENT SYSTEM (HEADING: PL 1985, C. 801, §5 (NEW))
Chapter 425: PARTICIPATING LOCAL DISTRICTS HEADING: PL 1985, C. 801, §5 (NEW)
Subchapter 2: MEMBERSHIP HEADING: PL 1985, C. 801, §5 (NEW)
§18255. Disbanded or dissolved local district
If, for any reason, any participating local district ceases to be an employing unit eligible for inclusion in the Participating Local District Retirement Program, the membership of its employees ceases except to the extent of any benefits that may be provided by the funds that have been established under the retirement system for that district. [2007, c. 491, §208 (AMD).]
SECTION HISTORY
1985, c. 801, §§5,7 (NEW). 2007, c. 491, §208 (AMD).