Bill > LD344

This bill seeks to completely eliminate the Maine Retirement Savings Board by systematically repealing all legal provisions related to its establishment and operation. Specifically, the bill repeals an entire chapter of Maine Revised Statutes (5 MRSA c. 7-A) that established the board, removes a statutory reference to the board's employees, eliminates the board's listing in the state's official organizational structure, and revokes previous legislative acts that created and defined the board's functions. One specific change involves modifying language related to defined contribution and deferred compensation plans, removing a reference to the Maine Retirement Savings Board's employees from the list of potential plan participants. The bill effectively dismantles the legal framework that previously allowed the Maine Retirement Savings Board to exist, suggesting a legislative decision to discontinue this particular state entity, though the specific reasons for its elimination are not provided in the bill text.