Maine Revised Statutes Title 5. Administrative Procedures and Services § 891. Definitions

1. Employee. “Employee” means any person whether appointed, elected or under contract, providing services for the State, county, municipality or other political subdivision, for which compensation is paid.

2. Individual retirement account. “Individual retirement account” means an individual retirement account that is in compliance with the United States Internal Revenue Code.

3. Simplified employee pension plan. “Simplified employee pension plan” means a simplified employee pension plan that is in compliance with the provisions of the United States Internal Revenue Code of 1954, as amended,  1 as these provisions relate to simplified employee pension plans.