The University of Maine System (UMS) Defined Benefit Pension Plan (Pension Plan) is a closed plan, maintained for eligible employees who chose not to join the Defined Contribution Plan established for hourly employees on July 1, 1998. This plan covers a shrinking group of active employees, vested terminated employees, and pensioners.
University Of Maine System, "University of Maine System Defined Benefit Pension Fund Annual Report" (2014). General University of Maine Publications. 449.
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