Maine § 17204. - Contributions on member's own account
Full text of Maine Maine Revised Statutes § 17204. — Contributions on member's own account, with citation guidance and answers to common questions.
§ 17204.. Contributions on member's own account
A member in service may make contributions on the member's own account, in addition to the employee contributions required under this Part, to the Members' Contribution Fund, at a rate not in excess of 10% of earnable compensation for the purpose of increasing the amount of payment of the member's retirement allowance under any service retirement provision of this Part. [RR 2023, c. 2, Pt. B, §99 (COR).]
1. Rules. The board shall adopt rules governing this right of members to make additional contributions.
2. Exception to 10% rule. Any member in service on January 1, 1976, and ineligible to make contributions under sections 17754, 17763 and 18354 because of the amendments of the predecessors of those sections by Public Law 1975, chapter 622, may make whatever additional contributions, at a rate in excess of 10% of earnable compensation, as are necessary to provide an increased retirement allowance equal to any benefits to which the member would have been entitled under the predecessors of sections 17754, 17763 and 18354, as in effect immediately before January 1, 1976.
3. Limitation. This section shall not be applicable to any member who has not begun increased contributions under this section before January 1, 1990.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 17204.
What does Maine Revised Statutes § 17204. cover?
Section 17204. ("Contributions on member's own account") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 17204.?
A common citation format is "Maine Revised Statutes § 17204." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 17204. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.