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 state law 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 eligible base benefit, currently $22,947.11, for State/Teacher, Legislative and Judicial Retirement Program retirees and up to 2.5% of the total eligible benefit for Participating Local District (PLD) Consolidated Plan retirees.
The 2021 CPI-U is 5.4%. 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 will adopt COLA rates allowable under state law at their meeting on Thursday, August 12, 2021. The increase will be included in benefit payments beginning in September 2021.
The MainePERS Board of Trustees is pleased to announce the appointment of Dr. Rebecca Wyke as the next Chief Executive Officer of the Maine Public Employees Retirement System. She was selected from a pool of highly qualified candidates following a national search.
Dr. Wyke will be joining MainePERS later this summer. Ms. Matheson will remain in an advisory capacity through the end of the year to assist in the transition and to complete some legislative projects currently underway.
Dr. Wyke is the current president of the University of Maine at Augusta. Previously, she held executive positions at the University of Maine System as Vice Chancellor for Finance and Administration and as Commissioner of the State Department of Administrative and Financial Services for five years. The Board of Trustees is delighted she will be bringing her broad experience and leadership skills when she joins MainePERS later this summer.
Dr. Wyke holds a Doctor of Education in Higher Education Management from University of Pennsylvania, and a Master of Public Administration and Bachelor of Arts from the University of Maine.
MainePERS tracks proposed legislation related to the programs we administer. To find information on current legislation pertaining to MainePERS, please visit the Current Legislation page.
Effective Monday May 24, 2021 our lobby is open Monday through Friday from 8:00 a.m. and 4:00 p.m. Reception staff are available to assist you. Masks are required to enter the foyer and lobby; hand sanitizer is also available. Our foyer remains open for limited-contact drop-off of materials using our secure drop-box.
Although our lobby is open, the majority of our staff are still working remotely, so we are not hosting in-person meetings. We are offering on-site videoconference meetings with staff. The Reception staff will guide visitors through that process.
The best way to speak with a member of our staff or schedule a videoconference meeting is to contact us by phone at 207-512-3100 or send an email to [email protected] Please include your name and phone number. For security reasons, please do not include your Social Security number in your message.
We continue to encourage the use of mail or secure email for most of your MainePERS business. We are providing postage paid return envelopes to make it easier for you to use the mail and secure email if you prefer electronic communication. Our secure email system, Zixmail, not only allows MainePERS representatives to securely send/receive email that contains confidential or sensitive information to you, but also enables you as a member to generate secure email to MainePERS. If you would like to send this type of sensitive information to us via email, please use the following link: https://web1.zixmail.net/s/login?b=mainepers
Thank you for staying safe and helping us to stay healthy so we can be here for your retirement needs.
Click here to see a current list of MainePERS Requests for Proposals (RFPs).
Information about upcoming rulemaking can be found here.