Rules & Rulemaking
MainePERS has recently completed rulemaking on one rule. A brief description of the rulemaking is as follows:
Chapter 201 – Employer Reporting and Payments
Chapter 201 – Employer Reporting and Payments (PDF)
This rule governs payroll reporting by employers. The current rule has not been amended since it was adopted in 1985. The proposed rule repeals and replaces the current rule. The proposed replacement rule would set expectations for payroll reporting, submission of contributions, and payment of Group Life Insurance premiums and provide for late fees and interest. The proposed rule also provides that: (1) MainePERS should consider whether there are any extenuating circumstances and whether the employer is attempting in good faith to comply; and (2) any late fees would be credited toward any interest requirement.
At its September 12, 2024 meeting, the Board of Trustees provisionally adopted the proposed replacement rule. The rule must be reviewed by the Legislature before it can be finally adopted by the Board of Trustees. Updated information will be made available once final action has been taken on the rule, likely in early-2025.
The rule may be viewed on this web site via the link above, or a copy may be obtained by contacting the Chief Executive Officer’s office at 1-800-451-9800 or by email at [email protected].