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An Act To Include State Employee Stipends as Earnable Compensation
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 5 MRSA §17001, sub-§13, ¶A, as amended by PL 1989, c. 800, is further amended to read:
 
A. "Earnable compensation" includes:
 
(1) Workers' compensation benefits;
 
(2) Maintenance, if any;
 
(3) Any money paid by an employer to a 3rd party under a tax sheltered annuity contract or a deferred compensation plan for the future benefit of an employee provided thatas long as the money is not derived from amounts excluded from earnable compensation by paragraph B; and
 
(4) Pick-up contributions.; and
 
(5) Stipends received as part of the member's compensation for services rendered in an employment position.
 
SUMMARY
This bill requires that stipends paid to a member of the Maine Public Employees Retirement System be counted as earnable compensation for purposes of calculating retirement benefits.