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Just Released:
Spring 2012
MainePERSpective. |
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...change my mailing address.
To protect your personal information,
we do not process address changes over the phone for retirees and/or benefit recipients. If your address has
changed or is going to change, please let us know by completing a
Member/Benefit Recipient Data
Update form and sending it to MainePERS.
...change my tax exemptions/allowances.
To do this, submit new withholding certificates (W4-P and W-4ME).
You can obtain these forms directly from the IRS, Maine Revenue Services, or from our
Retirement Benefit Forms
page.
...get health insurance information.
Although MainePERS may
deduct health and/or dental insurance premiums from your benefit payment each month, we do not administer these programs.
For health/dental insurance questions, please contact the administrator of your insurance program. To view a list of those
organizations, click
here.
...return to work after retirement.
Certain restrictions apply
to MainePERS members who retire and return to work for the “same” employer. See the
Retire Return to Work
page for details.
...know when my payment is deposited.
MainePERS sends an
advice when the gross amount of your benefit payment changes by $1.00 or more. You may also
contact your bank to confirm your deposit amount. We also send an advice each December, which
includes year-end totals you may need to prepare your taxes. For the schedule of benefit payment dates and more details,
click
here.
[see also
FAQs.]
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...find out about my contributions and time.
Contact our Retirement
Services department to request a Statement of Account which will show your
creditable service and how much money you have contributed. We will
ask for your name, current address and SSN.
...borrow money from my retirement.
MainePERS does not permit loans from the contributions you have paid to your
defined benefit retirement plan. If you have other retirement savings- for example,
a 457 tax deferred savings account- you may be able to arrange a loan from that account.
...know when I can retire.
When you can retire depends on your retirement plan. In most cases, you can
retire at age 60, 62 or 65, with at least one year of creditable service
immediately before you have reached your plan's normal retirement age.
You can retire at any age, if you have at least 25 years of creditable service.
See
General Retirement
for more.
...learn about Social Security and MainePERS
The amount of your MainePERS service retirement benefit is not affected by
receiving Social Security retirement benefits. If you are eligible for Social Security
retirement benefits, either because you worked in a Social Security-covered job or
because your deceased spouse did, the amount of your Social Security benefit may be
affected by your receipt of a MainePERS benefit. For more information about the effect of receiving
MainePERS benefits and Social Security benefits, go to
www.ssa.gov.
...receive a refund of my contributions.
If you
terminate all MainePERS-covered employment, you may withdraw the money you
contributed. You do not receive contributions your employer made on your behalf.
Contact MainePERS for a
Refund Application Package or click
here for a
downloadable version. MainePERS does not permit partial refunds. By
refunding your contributions, you give up your rights to any MainePERS
benefits. Since it may not be in your best interest to withdraw your
contributions, we suggest you investigate the pros and cons of taking a
refund. For more information, see the “Taking a Refund” in the
member handbook
specific to your plan.
[see also
FAQs.]
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You have
questions.
WE HAVE ANSWERS.
We are
here to answer all of your
questions. Contact information for
our programs and services may be
found
here. See
also
FAQs. |
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