Establishment — Maine Code § 17432.
Maine Code § 17432. — Establishment. Reproduced from the official Maine Revised Statutes, with a citation summary, verification link, and related provisions.
§ 17432.. Establishment
1. Investment trust fund established. The Retiree Health Insurance Post-employment Benefits Investment Trust Fund is established as an irrevocable trust for the sole purpose of holding and investing funds appropriated or otherwise provided to the investment trust fund for the benefit of the Irrevocable Trust Fund for Other Post-employment Benefits established in section 286-B with respect to the State's liabilities for retiree health benefits. The purpose of accumulating assets in this investment trust fund is to provide funding of the State's unfunded liability obligations for retiree health benefits. The Legislature has no authority or power to divert any of the assets of the investment trust fund to use for any other purpose.
2. Date of establishment. The date of establishment of the investment trust fund is July 1, 2007.
3. Trustees. The trustees of the investment trust fund are the members of the Board of Trustees of the Maine Public Employees Retirement System.
Source: official Maine text · Last verified 2026-08-27
At a glance
- Citation: Maine Revised Statutes § 17432.
- Jurisdiction: Maine
- Code: Maine Revised Statutes
- Subject: Establishment
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Maine Revised Statutes. Confirm it against the primary source before relying on it:
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Common questions
What is the source of Maine Revised Statutes § 17432.?
The text above is transcribed from the Maine Revised Statutes, the codified statutes of Maine. The official publisher link appears under "Verify the text" on this page.
What subject does Maine Revised Statutes § 17432. address?
It addresses "Establishment". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Maine Revised Statutes § 17432. still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Maine source before relying on this text.
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