Section 411-302-3 - Reporting Requirements for Retirement IncentivesA. Employer Requirements. (1) All employers shall file with the Maine State Retirement System all documents and/or other information relating to the offering of and/or provision to any Maine State Retirement System member or group of members a retirement incentive as defined in Section 1 of this rule. The offering and/or provision of a retirement incentive by verbal or informal means in no way changes the obligation to file information about the offering and/or provision. The documents or information must be filed with the System within 10 days of the offering and/or provision of such an incentive. Upon request of the System, all details of the offered incentive shall be provided to the Maine State Retirement System.(2) Whenever a member retires, the member's employer must certify in writing to the Maine State Retirement System that the employer has not offered any retirement incentive as defined in Section 1 of this rule to the employee that the employer has not previously disclosed in writing to the System.B. Member Requirements. (1) Whenever a retiring member of the Maine State Retirement System is offered and/or provided any retirement incentive as defined in Section I above, he or she must describe the retirement incentive to the Retirement System in writing and provide any further details as requested by the System.(2) Each retiring member must certify in writing to the Maine State Retirement System that he or she has not been offered any retirement incentive as defined in Section 1 that the member has not previously disclosed in writing to the Maine State Retirement System.C. Failure to Report. Failure of employers and/or members to report or certify information to the System in accordance with the requirements of subsections 3(A) and (B) may result in penalties as recommended on a case by case basis by the Executive Director and approved by the Board of Trustees.94- 411 C.M.R. ch. 302, § 3