Section 407-303-3 - Scope of BenefitsA. Mandatory Benefits 1. An investor-owned electric utility must create an employee benefits plan which includes a program to assist eligible employees in maintaining fringe benefits and obtaining employment which makes use of their potential. The plan must include the following benefits: (a) Retraining services and out-placement services and benefits, including intensive vocational-interests-and aptitude screening for two years after retail access or divestiture;(b) Full tuition for two years at the University of Maine or a vocational or technical school in the State or other reasonable retraining services of value equal to full instate tuition for two years at the University of Maine, at the discretion of the eligible employee;(c) Continued health care insurance at the benefit and contribution levels existing during employment with the utility for 24 months or until permanent replacement coverage is obtained through reemployment, whichever comes first;(d) Severance pay equal to two weeks of base pay for each year of full-time employment; and(e) Provisions which allow employees to maintain fringe benefits at their own expense.B. Discretionary Benefits An electric utility's employee transition plan may include provisions for portability of accrued retirement benefits, early retirement benefits, and other discretionary benefits. The utility, however, will have to justify the recovery of the costs of any such benefits in rates.
65- 407 C.M.R. ch. 303, § 3