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Plan Funding

MainePERS goal is to help keep the defined benefit retirement plans we administer well-funded. The actuarial funding levels as of June 30, 2019 for each of these plans is:

  • Maine State Employee and Teacher Retirement Program =  81.8%
  • Participating Local District Consolidated Retirement Plan = 89.6%
  • Legislative Retirement Program = 144.4%
  • Judicial Retirement Program = 105.0%

Maine State Employee and Teacher Retirement Program

Defined benefit plan funding is calculated annually on an actuarial basis. The State Employee and Teacher Retirement Program Valuation report is prepared by MainePERS’ actuary based on the actuarial assumptions MainePERS has adopted. MainePERS uses an assumed rate of return on assets invested of 6.75%. View or download the State Employee and Teacher Retirement Program Valuation report for detailed charts.

Participating Local District Consolidated Retirement Plan

Defined benefit plan funding is calculated annually on an actuarial basis. The PLD Retirement Program Valuation report is prepared by MainePERS’ actuary based on the actuarial assumptions MainePERS has adopted. MainePERS uses an assumed rate of return on assets invested of 6.75%. View or download the PLD Retirement Program Valuation report for detailed charts.

Legislative Retirement Program

Defined benefit plan funding is calculated annually on an actuarial basis. The Legislative Retirement Program Valuation report is prepared by MainePERS’ actuary based on the actuarial assumptions MainePERS has adopted. MainePERS uses an assumed rate of return on assets invested of 6.75%. View or download the Legislative Retirement Program Valuation report for detailed charts.

Judicial Retirement Program

Defined benefit plan funding is calculated annually on an actuarial basis. The Judicial Retirement Program Valuation report is prepared by MainePERS’ actuary based on the actuarial assumptions MainePERS has adopted. MainePERS uses an assumed rate of return on assets invested of 6.75%. View or download the Judicial Retirement Program Valuation report for detailed charts.