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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 PLD Legislative Plan Changes

 

Road to Retirement
Modernization for the PLD Consolidated Plan

 

Welcome to the information section about the Consolidated Plan for Participating Local Districts (PLD Plan) and changes to this plan.   

 

The Participating Local District Advisory Committee (PLD Committee) membership is designated by legislation by organization.  Committee members representing designated organizations, continuously monitor the PLD Plan to protect its fiscal health and responsiveness to employer and member needs.  Participating employer and employee committee members unanimously recommended modernization of benefit provisions for newly hired plan members consistent with the trends in many defined benefit plans.  Committee members also recommended rate increases and changes in cost-of-living-adjustments (COLAs) for all members and retirees in response to the impacts on plan assets of the 2008 severe financial market downturn.  

 

Click the phone icons (or links) below to find out more information about the PLD Plan and recent legislation signed by the Governor and enacted as PL 2013, c. 391.
 













   
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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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