The Disability Working Group will be holding remote meetings beginning on September 15, 2022. For more information, including meeting dates and times, and how to observe, please click here.
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.
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.
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. Find out more about this year’s Annual COLA and how it affects your plan here.
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.
Information for upcoming rulemaking can be found here.