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Maine Public Employees Retirement System
P.O. Box 349, Augusta, ME 04332-0349
toll free: (800) 451-9800 ● local: (207) 512-3100

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Information Regarding approved changes to the
Participating local district (PLD) consolidated plan

 

 

Welcome to the information section of our website regarding the recent changes made to the PLD Consolidated Retirement Plan.

At its meetings on May 10, 2018, and September 13, 2018, the MainePERS Board of Trustees approved the proposed changes to the PLD Consolidated Retirement Plan with some modifications. The modifications include delaying the effective date for the  for the accrued leave provisions to July 1, 2019, and delaying the ability for a retiree who returns to work after October 1, 2018 to re-enter the plan until July 1, 2019.  


Information specific to the adopted changes can be found by clicking on the icons pictured below.

These changes were developed over an 18-month period to strengthen the well-funded Plan against risks such as low-performing or volatile financial markets that can erode the funding.  

A series of briefings was held on the proposed changes around the state last fall.  If you missed those or were unable to attend, you can find below the presentation provided to the Legislature this spring that summarizes the discussions at those briefings. During the last two weeks of June, we performed additional outreach on the retire-rehire provisions and the full presentation from the statewide meetings can be found below.  

 

PLD Plan Changes


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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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