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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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Group Life Insurance
Interest Rates

The MainePERS Board of Trustees establishes the rate of interest that will be paid on contribution withdrawals.  For the 12-months beginning February 1, 2018, the interest rate paid on withdrawals is 2.4%.

This interest rate influences the cost of certain types of military and judicial service credit purchases because what is charged on those transactions is capped at 2% above the rate set by the Board.  As a result, for the 12-months beginning February 1, 2018, the interest rate charged in these service credit purchase transactions is 4.4%.

The interest rate charged for regular service credit purchases remains tied to the earnings assumption rate used in the valuation process, which is 6.75%.  This rate is also charged on benefit overpayments.

This table is a reference for the types of transactions and the corresponding interest rate.

Interest Rates

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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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