Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2022 | Updated by FindLaw Staff
1. Certification. The board shall certify to the chief fiscal officer of the participating local district:
A. The contributions and pick-up contributions computed under sections 18301 and 18302;
B. A pro rata share of the cost of the administration of the retirement system, based upon the payroll of the employees; and
C. The cost of each annual valuation.
2. Payment and credit. The chief fiscal officer of the participating local district shall make monthly payments to the retirement system in accordance with the board certification under subsection 1. The amounts paid shall be credited to the appropriate funds and accounts of the retirement system.
3. Delinquent payments. Delinquent payments due under this section:
A. May be recovered by action in a court of competent jurisdiction against the participating local district liable for the payments;
B. May, at the request of the retirement system, be deducted from any other money payable to that participating local district by any department of the State; or
C. May be subject to a late fee as directed by the board and interest at a rate, to be set by the board and paid by the participating local district, not to exceed regular interest by 5 or more percentage points.
Cite this article: FindLaw.com - Maine Revised Statutes Title 5. Administrative Procedures and Services § 18303. Certification and payment of contributions - last updated January 01, 2022 | https://codes.findlaw.com/me/title-5-administrative-procedures-and-services/me-rev-st-tit-5-sect-18303/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)