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126th Maine
Legislative Session
2013 Program Evaluation Report

Proposed Plan 2 Implementation Report

Proposed Pension Plan Draft Legislation
Prior Legislative
Session Information

New Pension Plan Design and Implementation Plan
Additional Pension Information and Reports


QuestionHave a question about legislation? Click here.


 
 Whatever your age, it's the right time to talk about retirement...
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...and we're here to help! Whether you are new to retirement planning or approaching your retirement age, our new online Information Request page offers you an easy way to get the information you need.


COLA  

 

September 2014 COLA Payments at a Glance

State/Teacher, Legislative and Judicial Plan Recipients:

 

 

2014 COLA: Regular COLA Increases Resume:

 

WHO:  Those receiving a monthly State/Teacher, Legislative or Judicial benefit and are eligible for COLA in 2014.

 

WHAT: Permanent Increase to Monthly Benefit

 

WHEN: Paid as a part of your monthly benefit, beginning September 2014

 

HOW:  Paid on first $20,000 of benefit, if the Consumer Price Index for Urban Consumers (CPI-U) is positive (up to 3%) at the end of June 2014.  

 

2013 COLA: Final One-Time COLA Payment

 

WHO: Those receiving a monthly State/Teacher, Legislative or Judicial benefit and were eligible for COLA in 2013.

 

WHAT: One-Time COLA Payment

 

WHEN: If funded, paid separate from your monthly benefit (date to be determined once funding determined).

 

HOW: Paid on first $30,000 of benefit, based on the 2013 CPI-U, up to 1.8% ($540.00 maximum)  

NOTE:  Some recipients will be eligible for both the Regular COLA increase and the Final One-Time COLA payment in September 2014.

 

 

 

PLD Plan Recipients:  Regular COLA increases continue in 2014:

 

WHO:  Those receiving a monthly PLD benefit and are eligible for COLA in 2014.

 

WHAT: Permanent Increase to Monthly Benefit

 

WHEN: Paid as a part of your monthly benefit, beginning September 2014.

 

HOW:  Paid on the retiree’s current benefit, if the Consumer Price Index for Urban Consumers (CPI-U) is positive (up to 3%) at the end of June 2014.


GASB   GASB
Click here for important information regarding GASB Statement Nos. 67 and 68.

Rules   Rules Update
For information regarding recent adopted Rules, click
here..

 PLD   LEGISLATION
(Legislative Information Specific to the PLD Consolidated Plan)

The PLD legislation has been signed by the Governor and enacted as PL 2013, c. 391.  The law will be effective 90 days after the date of Legislative adjournment.  Information and a copy of the law can be found here

MainePERS will share information with employers and members in the fall so that all changes can be implemented by July 1, 2014.

 
I want to... RETIREES
...change my mailing address.
...change my tax exemptions/allowances.
...get health insurance information.
...return to work after retirement.
...know when my payment is deposited.
[see also FAQs.]
 
MEMBERS I want to...
...find out about my contributions and time.
...borrow money from my retirement.
...know when I can retire.
...learn about Social Security and MainePERS
...receive a refund of my contributions.
[see also FAQs.]
THINKING OF RETIRING?
  The Retirement Process
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Are you a new employee?  See our new plan specific videos! video 

SAVINGS LINKS
  Manage Your Money 
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  MaineSTART 

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Information contained on this Web site is neither a legal reference nor a complete statement of the laws or MainePERS administrative rules. In any conflict between this information and Maine laws or administrative rules, the laws and administrative rules shall prevail.

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