Call us toll free: (800) 451-9800 | local: (207) 512-3100 | P.O. Box 349, Augusta, ME 04332

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Welcome to MainePERS

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Serving the public with sound retirement services to Maine governments

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The success of those we serve is the measure of our success

Serving the public with sound retirement services to Maine governments.

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Members

Find the right information for you:

Investments

Investments

Employer and member contributions along with long-term investment returns are essential to the sound funding of the defined benefit retirement programs administered by MainePERS. Read more about Investments.

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Laws & Rules

MainePERS supports the legislature and other governing bodies through the implementation of laws and rules. Information on laws and rules about MainePERS plans and current and past legislation can be found here.

announcement

Deferred Compensation Program Now Available to Public School Teachers with Participating Employers

MaineSTART will soon be available to Public School Teachers beginning August 8, 2022 with participating employers.  This program provides teachers with an opportunity to participate in another MainePERS offered retirement savings plan.  MaineSTART offers tax advantaged  retirement savings plans. These voluntary programs can help eligible public school teachers supplement their retirement. MaineSTART offers both Traditional (pre-tax) and Roth (after-tax) accounts.  If you are a public school interested in offering this benefit to your employees, please contact Gary Emery at (207) 512-3116 or [email protected] to explore adding the MaineSTART programs to your benefit offerings.

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August 2022 Supplemental Annual Cost-of-Living Adjustment (COLA) for PLD’s

The MainePERS Board of Trustees adopted an amended rule at its July 14, 2022 meeting that provides a retroactive cost-of-living adjustment (COLA) for eligible PLD retirees.  You can find out more about eligibility requirements and details about the COLA implementation here.  You can also call our office at 800-451-9800 for more information.

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Annual Cost-of-Living Adjustment (COLA)

MainePERS provides an annual cost of living adjustment (COLA) for eligible benefit recipients in September of each year. The amount is determined by statute and rule and differs for the various plans MainePERS administers.  All COLAs are based on the Consumer Price Index – Urban Consumers (CPI-U) for the twelve months ending June 30th each year.  The Board of Trustees adopts the CPI-U as of June 30th up to 3.0% of the base benefit, currently $24,186.25, for State, Teacher, Legislative, and Judicial Retirement Program eligible retirees and up to 2.5% of the total benefit for eligible Participating Local District (PLD) Consolidated Plan retirees. 

The 2022 CPI-U is 9.1%. You can find this, or follow it throughout the year, on the Bureau of Labor Statistics, U.S. Department of Labor website at https://www.bls.gov/news.release/cpi.nr0.htm

The Board of Trustees adopted the increase in COLA rates allowable under statute and rule at their meeting on Thursday, August 11, 2022.  The increase will be included in benefit payments beginning in September 2022.

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MainePERS Strategic Plan Update

Thank you to all who provided feedback on the MainePERS Draft Strategic Plan through the survey tool, public comment meeting, and individual meetings.  We appreciate your participation and interest.  A summary of the Survey Results may be found in the link below. 

We have reviewed the responses we received and made adjustments to the Plan. This revised Draft Strategic Plan will be presented to the MainePERS Board of Trustees at its July 14 meeting.  At that time, the Board will review the revised Draft Strategic Plan and provide feedback.  We anticipate making a recommendation to the Board of Trustees to adopt a final version of the Strategic Plan at their August 11 meeting.

Once the MainePERS Strategic Plan is finalized and adopted, we look forward to operationalizing the plan and will provide annual updates on our progress.

Survey Results on MainePERS Draft Strategic Plan

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MainePERS Lobby Operations

MainePERS Lobby Operations

The MainePERS lobby is open and the Member Services Representatives staff is available to assist you Monday through Friday from 8:00 a.m. to 4:00 p.m.

We offer scheduled meetings via Zoom with Member Services Representatives and onsite video conferencing, as needed.  Please contact us at 207-512-3100 or send an email to [email protected] to schedule a meeting. Please include your name and phone number.  For your security, please do not include your Social Security Number in your message.

We also offer a secure email system via Zixmail for communications with sensitive information.  Zixmail is available here.  For those who prefer to use the postal service, please send your documents or forms to MainePERS, P.O. Box 349, Augusta, ME 04332-0349. 

 We look forward to assisting you.

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Rulemaking Updates

Information for current and upcoming rulemaking can be found here.

MaineSTART

Visit MaineSTART.org

Learn more about the tax-deferred Defined Contribution savings program from MainePERS.