Members

Find the right information for you:

• Before you join MainePERS
• While you are working
• In retirement

Strategic Plan

The MainePERS 5-Year Strategic Plan adopted by the MainePERS Board of Trustees on August 11, 2022 can be found here.

Disability Working Group

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.

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.

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.

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. Find out more about this year’s Annual COLA and how it affects your plan here.

First Annual Open Enrollment for PLDs Who Adopted This Provision Runs from September 1 Through November 1, 2022

PLD Consolidated Plan Employers who adopted this new provision must offer their eligible, non-participating employees who have been employed for less than 5 years, or who reached or will reach their 5th year of employment between November 1, 2021 and November 1, 2022, the opportunity to join MainePERS. We are offering information sessions via Zoom in August, September and October for your interested employees. For more information and instructions for administering these elections, click here.

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.

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.

Rulemaking Updates

Information for current and upcoming rulemaking can be found here.

Visit MaineSTART.org

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